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Tesla Closes at $389, Market Cap Hits Record $1.25 Trillion

Dec 6, 2024, 08:47 PM

Tesla Inc. ($TSLA) has reached a new all-time high market capitalization of $1.25 trillion, despite its stock price not yet reaching its previous peak of $414.50. The stock closed at $389, marking a significant milestone for the company. This surge in market value comes amidst a volatile period for Tesla investors, with the stock price having risen from around $200 to nearly $400 in a short span. The company's performance is being closely watched by market analysts, with one analyst notably setting a low price target of $25 for next year, contrasting sharply with the current market enthusiasm. Tesla's stock is just a 6.5% increase away from hitting a new all-time high price.