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.
Other articles in the category: Tesla
Tesla Takes Top Spot in Global Supply Chain Sustainability Rankings, Again
Tesla has claimed the number one position in the 2026 “Lead the Charge” leaderboard, an annual study that evaluates how global automakers manage sustainability and human rights in their supply chains. Tesla increased its overall score by six percentage points this year, widening its lead over Ford, which remains in second place. The report highlights […]
Tesla Officially Kills $8,000 FSD One-Time Purchase in U.S.
After more than nine years of offering Full Self-Driving (FSD) as a one-time software purchase, Tesla has officially pulled the plug on the upfront option in North America. As expected, the previous $8,000 one-time FSD purchase — available either when ordering a vehicle or after delivery — is no longer available in the U.S. Going […]
Tesla Replaces Coal: $330M Battery Goes Live in Australia
A new grid-scale battery powered by Tesla Megapacks is now officially online in Queensland, Australia, marking another major milestone for the company’s fast-growing energy storage business. As first reported by Energy-Storage.News, publicly owned energy company CleanCo Queensland has opened the Swanbank Battery Energy Storage System (BESS), a 250 MW/500 MWh facility located at the former […]
