The electric car manufacturer Tesla is officially the car maker with the highest market value worldwide. With this, the group pulls past Toyota – and is worth three times as much as VW.

Tesla’s shares continued their record run on Wednesday, hitting more than $ 1,130 at times, the highest level in their history to date. With a market value of just under $ 210 billion recently, Tesla calculations by financial data firm Bloomberg have passed Toyota, making it the world’s most traded car maker .

This makes Tesla worth around three times as much as the German car maker Volkswagen – the group has a market value of just under 70 billion euros (around $ 78 billion). The other German car manufacturers are also far behind Tesla: Daimler is only worth around 38 billion euros , BMW around 36 billion euros.