On November 11, according to media reports, Tesla became the world’s first car company with a market value of more than US$1 trillion in October 2021, driven by the continued substantial increase in the production and sales of electric vehicles.
However, due to the decline in stock price in mid-2022, Tesla’s market value once fell below US$1 trillion, and failed to return to this level for a long time.
However, with the overall rise in stock prices in the second half of this year, especially driven by last week’s sharp rise, Tesla’s market value returned to above US$1 trillion last Friday.
At the close of the U.S. stock market last Friday, Tesla shares were quoted at US$321.
22, up US$24.
31, or 8.
19%, from US$296.
91 in the previous trading day.
The market value increased by US$78.
037 billion compared with the previous trading day to US$1,031.
135 billion.
, Tesla’s share price rose in four of the five trading days last week.
The stock closed at $242.
84 on Monday, down from $248.
98 on Friday, but rose sharply to $251.
44 in the following trading day, rose further to $288.
53 on Wednesday, and continued to rise to $296.
91 on Thursday.
Tesla’s share price rose by US$72.
24 last week, or 29%.
As Tesla continues to expand and innovate in the global electric vehicle market, its market value is expected to remain at a high level.
(Wang Lue), return to the first electric network home page>,.
