Tesla crosses $100 billion stock market valuation in extended trading

FILE PHOTO: Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake/File Photo

The milestone comes less than a month after Tesla’s stock crossed $420, the infamous price at which Chief Executive Officer Elon Musk had tweeted he would take the electric car maker private. Tesla shares were last up 1.4% at $555 after the bell, building on a 7.2% gain during trading when brokerage New Street Research raised its price target to $800.

The $100 billion valuation needs to stay for both a one-month and six-month average in order to trigger the vesting of the first of 12 tranches of options granted to Musk to buy Tesla stock.

Should have bought

ask me about TeslaSolar

that's 100 billion potential repair jobs. A car is still a car, isn't it?

Drug cartels move up from Mexico and wherever after they get the guns. That'll be a hoot.

Not worth it.

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