Tesla Soars Past $600 Billion Market Cap, Closes at All-Time High of $641 Per Share

Tesla’s stock price soared 7.13% on Monday, closing at yet another record high, at $641.76 per share, resulting in a market cap that now sits at $608 billion, a first for the company. Shares touched $648.79 today, reaching another all-time high for Tesla.

The company’s stock continues to rally ahead of its inclusion in the S&P 500 this month on December 21st.

Tesla is now in rare company joining only Amazon, Facebook, Apple, Alphabet and Microsoft as U.S. stocks with market caps higher than $600 billion, notes Barron’s.

Shares of Tesla are up over 650% in 2020 and there appear to be no signs the company is slowing down anytime soon. In after hours trading, shares are currently up 2.44% as of writing.

Earlier today, Loup Ventures said it expects Tesla to hit $2,500 per share within three years.