Business
Tesla’s market value crosses $US500 billion as meteoric rally continues – Sydney Morning Herald
Investors continue to snap up its shares in the run-up to its debut in the S&P 500, extending a rally that has seen it surge over 500 per cent this year.
Tesla blew past $US500 billion ($680 billion) in market value on Tuesday (US time) as investors snapped up its shares in the run-up to its debut in the S&P 500, extending a meteoric rally that has seen it surge over 500 per cent this year.
The California electric carmaker’s stock rose more than 7 per cent, putting its market capitalisation at $US529 billion in late trade on Wall Street.
Tesla shares have soared by more than 500 per cent this year.Credit:Bloomberg
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