Jan. 22 (UPI) -- Tesla's market value climbed above $100 billion on Wednesday, surpassing Volkswagen as the world's second most valuable automaker.
Shares of the U.S. electric automaker rose 4.1 percent to $569.56, increasing its market cap to $102.7 billion while Volkswagen shares fell 1.19 percent, dropping its market cap to $99.6 billion.