Tesla’s $939 Billion Valuation Lead Over Toyota Is Almost Gone

Two and a half years ago, Tesla Inc. was worth almost $1 trillion more than Toyota Motor Corp., the world’s second-most valuable automaker.

Lately, that lead has been shrinking fast.

Tesla’s edge over Toyota narrowed to about $83 billion before the start of regular US trading Tuesday. After the close, the electric-vehicle maker is expected to report its first decline in quarterly revenue in four years and a 40% plunge in operating earnings.

Read More: Tesla Stock Is in ‘No Man’s Land’ Ahead of Earnings

Tesla’s market value lead over Toyota peaked at $939 billion in early November ...