Tesla value overtakes Volkswagen, which sold 30 times more cars last year

Tesla on Wednesday overtook Volkswagen Group as the world's second most valuable carmaker with a market value of $106 billion, $7 billion more than its German rival. Volkswagen delivered almost 11 million vehicles last year, 30 times more than Tesla's 367,500 cars. The Elon Musk-led carmaker trails only Japan's Toyota, which is valued at around $200 billion.