Tesla is now worth more than US$1 trillion

Christ Isidore, CNN Business, 26 October 2021

Tesla has become the sixth company in US history to be worth $1 trillion (all are US-based except the Saudi Arabian state-owned Aramco oil entity). Tesla is the second fastest company to do so, reaching the US$1 trillion mark just more than 12 years after its 2010 initial public offering. Shares rose more than 12 per cent on Monday to close at about $1,025, boosted by two spots of good news: Hertz announcing a record order of 100,000 Teslas for its fleet; and influential Morgan Stanley auto analyst Adam Jonas raising his price target on Tesla to $1,200 a share. Tesla is now worth more than...

To read more go to CNN Business