Tesla Enters 1 Trillion Market Cap Territory Again on Recent Surge



CleanShot 2022 03 23 at 11 50 16

Tesla’s market cap has again entered the 1 trillion market cap territory, as the stock’s trajectory continues its upward swing over the past week.

Shares of Tesla have gained about 20% over the past five days and 31% over the past month, currently trading at $1005 per share as of writing. Tesla’s market cap now stands at $1.04 trillion.

The stock’s climb comes amid yesterday’s grand opening of Tesla’s Giga Berlin factory in Germany, while the first week of April will see its new Gigafactory in Austin, Texas open as well.

Earlier this month, Wedbush analyst Daniel Ives said he sees Giga Berlin “as a major competitive advantage for Tesla to further build out its supply footprint in this key region.”

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