In the trading session on Thursday, Tesla (NASDAQ: TSLA) shares again renewed the all-time high, surpassing Facebook's market cap, and becoming the fifth most valuable public company in the US.
On January 7, the company's shares spiked 8%, making fresh, new highs, and consolidating at an impressive $816.04. As a result, Tesla's market capitalization reached $773.52 billion.
This made the manufacturer the fifth most-valued publicly traded company in the US, which means Tesla has outperformed Facebook, which has a market capitalization of $765.45 billion. Tesla has reached such a price for the first time, which is a new record and milestone for the company.
On January 7, during the session, Tesla shares were sold and bought for a whopping $39 billion, which is also a record for Tesla.
Over the past 12 months, Tesla has grown by over 740% to become the world's most valuable car company, nearly surpassing the market cap of the world's eight most valuable carmakers combined: Toyota, Volkswagen, BYD, NIO, Daimler, General Motors, BMW, and Ferrari.
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About the Author
Eva Fox
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.
