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Tesla market value crosses $500 billion in meteoric rally | SaltWire

Tesla market value crosses $500 billion in meteoric rally | SaltWire

CUSTOMER SERVICEBy Subrat Patnaik and Noel Randewich (Reuters) - Tesla Inc blew past $500 billion in market value on Tuesday 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% this year. The California electric carmaker's stock rose nearly 5%, putting its market capitalization at $519 billion. Tesla is Wall Street's seventh most valuable company, just behind Berkshire Hathaway , and its shares have rallied over 30% since Nov. 16, when it was announced Tesla would join the S&P 500 benchmark. Index...

November 24, 2020
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