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Tesla joins $1T market cap club

Published 08/11/2024, 17:58
Updated 08/11/2024, 18:10
Tesla joins $1T market cap club
TSLA
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Proactive Investors - Tesla Inc (NASDAQ:TSLA) has officially re-entered the prestigious $1 trillion market capitalization club, with its stock price surpassing $300 per share for the first time in over two years.

The electric vehicle giant's surge comes as the company's valuation has jumped by more than $200 billion in the three days following the presidential election, which saw Tesla CEO Elon Musk’s pick Donald Trump emerge victorious.

Tesla's stock has gained 30% over the past week.

In parallel, Tesla CEO Elon Musk has seen a significant increase in his personal wealth, adding more than $30 billion to his fortune in the days since the election. His net worth now exceeds $300 billion.

Read more on Proactive Investors UK

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