TELETRADER News
11/24/2020, 3:43 PM
(Source: TeleTrader)
Tesla+6.78%
Tesla reaches $500 billion market cap
Tesla Inc. surpassed a $500 billion market cap on Tuesday as its shares continued to push new highs. The company's stock crossed the $500 level last week to reach a new record high after the news that the carmaker is set to join trading on the S&P 500 in December.
In the third-quarter report, Tesla revealed that its earnings per share annually jumped 69%, while net income skyrocketed 131%. The e-car maker's shares gained 1.15% to sell for 527.59 at 9:47 am ET, and have increased more than five times since the start of the year.