Tesla Stock Hits All-Time High of $463.02, Market Cap Reaches $1.5 Trillion, Up 223% Since April

Dec 16, 2024, 09:08 PM

Tesla Inc. (TSLA) has reached a significant milestone, closing at an all-time high price of $463.02 on December 16, 2024. The company's market capitalization has surged to approximately $1.5 trillion, marking a notable increase of 223% since its lows in April. This growth has added over $1 trillion in market value since the election, with the stock climbing by 83% and an increase of $668 billion in market cap since that time. Analysts suggest that Tesla's market cap could soon surpass that of Meta Platforms, Inc. if the current trend continues. The closing price and market cap reflect strong investor confidence and performance in the electric vehicle sector.