Shares of Tesla touched yet another all-time high, reaching $607.80 per share at open on Monday, hitting a milestone of surpassing $600 per share. The stock then proceeded to dip and currently sits at $581 per share as of writing, down just under a percent for the day.
— Holger Zschaepitz (@Schuldensuehner) November 30, 2020
Tesla is set to join the S&P 500 in December and ahead of the inclusion, the stock has seen a feeding frenzy, rallying since the announcement. Earlier today it was reported China granted Tesla permission to sell its Shanghai-made Model Y SUV, paving way for production to begin imminently.
Elon Musk’s company now has a market cap of $553 billion, still surpassing that of Warren Buffet’s Berkshire Hathaway, currently at $535 billion.