Shares of Tesla Motors rallied 9 percent to end the trading week, pushing the company’s value to $1 trillion for the first time since April 2022.
The electric vehicle (EV) maker’s stock reached $325 on the Nasdaq Composite Index during the Nov. 8 trading session. Before Election Day, Tesla maintained a market cap of about $807 billion, and shares were up just 1 percent for the year.
The company rejoins the growing club of trillion-dollar companies, including Amazon, Alphabet, Apple, Meta, Microsoft, and Nvidia. Tesla first ventured past the $1 trillion threshold in October 2021.
Other companies that have hovered around the $1 trillion mark include Taiwan Semiconductor Mfg. Co (TSMC) and Berkshire Hathaway….