Tesla (NASDAQ: TSLA) has rejoined the exclusive trillion-dollar market capitalization club following a remarkable three-day surge in its stock price.
The electric vehicle maker’s shares climbed to over $321, pushing its market value above the symbolic $1 trillion threshold for the first time since March 2022.
The recent rally marks a significant milestone for Tesla, which had not traded above $300 since September 2022. The company’s stock performance has been driven by multiple factors, including:
- Strong delivery numbers from its Shanghai facility, with 68,280 vehicles delivered within China and 27,795 units exported
- Maintained profit margins in Q3 despite revenue growth challenges
- Growing investor interest in AI and autonomous driving capabilities
Wedbush analyst Dan Ives remains bullish on Tesla’s prospects, particularly highlighting the company’s potential in autonomous driving technology and the anticipated Robotaxi program.
“Tesla is the most undervalued AI name in the market,”
Ives noted in his recent analysis.
Tesla now joins an exclusive group of trillion-dollar companies, including:
- Nvidia ($3.6T+)
- Apple
- Microsoft
- Amazon
- Saudi Aramco
- Facebook (Meta)
- TSMC
