Friday 8th November 2024 — Tesla (TSLA) has once again joined the $1 trillion club during intraday trading today at the NASDAQ.
Tesla (TSLA) reached a market cap of $1 trillion after a 3-day post-election rally and Donald Trump’s victory as the 47th President of the United States of America.
The market has been optimistically bullish since President-elect Donald Trump’s win and Tesla Inc. has probably been the biggest beneficiary as Elon Musk is now considered a top Donald Trump consigliere.
As of this writing, Tesla (TSLA) stock is trading at $317.85 (around 12:50 PM EST). This is around a 7% increase compared to the market close of $296.91 yesterday.
The last time a Tesla (TSLA) crossed $300 was more than 2 years ago. On 14th September 2022, TSLA closed at $302.61. It remained above $300 for the next 5 days and closed at $300.80 on 21st September 2022.
It has been more than 2 years since then and Tesla didn’t reach $300 and a market capitalization of $1T. The positive notion following President-elect Trump’s victory and the potential benefits to Elon Musk’s companies have resulted in positive gains for Tesla.
Let’s look at the following data table from September 2022 that shows the rise and fall of Tesla (TSLA) at NASDAQ to $300+ and back.
Update: Tesla stock price peaked at $321.22 at market close on Friday 8th November. This is the highest Tesla (TSLA) share price has reached after 22nd April 2022 when it closed at $335.02.
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 reaches a market cap of $1 trillion after 2 years as its stock price crosses $300 mark on Friday 8th November 2024.){kind=link}