Tesla surpasses $1 trillion market cap

Tesla surpasses $1 trillion market cap

3 years ago
Anonymous $np3LcwuhSi

https://techcrunch.com/2021/10/25/tesla-1-trillion-market-cap/

Tesla’s market valuation hit the $1 trillion mark Monday, a milestone reached by the company 11 years after it became a publicly traded company. It also put Tesla, albeit briefly, in select company with Apple, Amazon, Facebook and Google, all of which have market caps above $1 trillion.

Shares pushed higher Monday on several news stories related to Tesla, including that rental giant Hertz, which recently emerged from bankruptcy, had agreed to buy 100,000 EVs from the automaker. A report from JATO Dynamics also determined that the Tesla Model 3 was the top-selling vehicle in Europe last month, making it the first time a full-electric car has outsold combustion engine models.

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