Tesla (TSLA) Hits Another All-Time High, Market Cap Nears $500 Billion

Tesla’s stock surge ahead of its S&P 500 inclusion next month has continued, as on Monday the company hit yet another all-time high, closing out the day at $521.49 per share, up 6.5% for the day. In after hours trading, Tesla is up 1.86%.

Shares of Tesla reached as high as $526 per share on Monday, before falling slightly to its current close. The company’s market cap is now close to reaching $500 billion as it now stands at $494 billion.

Warren Buffet’s Berkshire Hathaway is in Tesla’s sights, as the latter has a market cap of $537 billion. It appears Tesla’s rally ahead of joining the S&P 500 next month is not ending just yet.

Today it was reported Tesla would apparently see LG Chem supply batteries for its Model Y production in China. The company also saw a boost thanks to Wedbush Securities noting worldwide EV demand will again send Tesla higher, issuing a new price target of $560.