Market Cap Crosses $1 Trillion. Hype or Value?
- Summary:
- Tesla share price rose past the $340 mark in pre-market trading on Monday, but a 31 percent gain in a week calls for harder questions.
Tesla share price rose sharply in Monday’s pre-market session, reaching $343, the highest level since April 2022. At the time of writing, the stock was up by 7 percent above its Friday closing price, signifying the potential for another upbeat week. Tesla has gained 31 percent in the last five trading sessions, adding over $200 billion in value and its market capitalisation rising to $1.1 trillion.
Tesla’s stock price upsurge is attributable to Donald Trump’s US election win last week and the central role played by the company’s CEO, Elon Musk, in his…
