Tesla crosses US$100b stock market valuation in first for a US carmaker

BENGALURU - Tesla became the first US$100 billion publicly listed US carmaker in extended trading on Tuesday , in a sign of Wall Street's confidence in an all-electric future.

Musk tweeted he had"funding secured" to take Tesla private in August 2018, when its shares were trading in the mid-US$330s, only to later give up under investor pressure and regulatory concerns. Tesla's market value also puts Musk a step closer to earning the first US$346 million tranche of options in a record-breaking pay package.

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