Tesla Surpasses $1.25 Trillion Market Cap with Stock at $389.22

Dec 6, 2024, 09:31 PM

Tesla Inc. has achieved a new milestone by reaching an all-time high market capitalization of $1.25 trillion. This peak was driven by the company's stock closing at $389.22, its highest price in nearly three years. The surge in market cap comes despite the stock price not reaching its November 2021 all-time high, due to the issuance of employee stock compensation since then. Analysts and investors are noting that Tesla's valuation now exceeds that of its competitor BYD, which has better growth, earnings, and profits. The market's focus on Tesla's performance is overshadowing other financial news, including cryptocurrency price movements.