Tesla Inc was set to breach US$500 billion in market value on Tuesday, as its shares extended a meteoric rally that has seen the stock gain more than six times this year.
Shares of the electric-car maker have risen nearly 28per cent since the S&P Dow Jones Indices confirmed they would add the company to Wall Street's benchmark index from Dec. 21.Its shares were up 3.5per cent at US$540.53 in premarket trading and will have to open above US$527.48 to hit the US$500 billion mark.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: