Tesla Closes at All-Time High, Market Cap Hits $1.2 Trillion

Tesla’s stock started off slowly on Wednesday, dipping down to $1,154, before rallying near the close to an all-time high of $1,215, before ending the day at a record $1,213.86 per share.

Over the past 12 days, Tesla’s gains have become the most in capital markets history. The company has been riding an impressive third quarter that delivered results beyond Wall Street expectations, plus a recent deal with Hertz for 100,000 Model 3 orders.

Tesla’s market cap now sits at $1.2 trillion dollars. As of November 3, 2021, CEO Elon Musk’s wealth now sits at $336 billion, a whopping $140 billion more than Amazon’s Jeff Bezos in second place, according to the Bloomberg Billionaires Index.