Could Tesla Inc. be more valuable than 18 other automakers in the U.S., western Europe and Japan combined? From a stock-market perspective, the answer is yes -- almost. The electric-car maker came within $1.3 billion on Monday of exceeding the MSCI World Automobiles Index’s market value after excluding Toyota Motor Corp., according to data compiled by Bloomberg. The gap started the year at $478.3 billion and dwindled as Tesla surged sixfold through Monday. Every other automaker in MSCI’s index fell in the period except Ferrari NV, which rose 10%.
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