Tesla Stock Surges 22.15%, Market Cap Up $200 Billion in Biggest Gain Since 2011

Oct 24, 2024, 07:38 PM

Tesla Inc. (TSLA) experienced a significant surge in its stock price on October 24, 2024, rising by 22.15%. This marks the company's biggest single-day gain since 2011. The stock's dramatic increase was attributed to the positive response following Tesla's earnings report released the previous day. As a result, Tesla's market capitalization increased by over $200 billion, the largest single-day market cap increase in the company's history. The stock closed at over $260, reflecting a substantial gain and marking a notable day for Tesla investors. Additionally, February $300 calls saw a 50% increase.