Tesla’s stock market value accelerates past US$500 billion | Malay Mail

📆 2020/11/25 07:17:00
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NEW YORK, Nov 25 — Tesla’s market value soared to more than US$500 billion (RM2 trillion) yesterday ahead of its listing on the S&P 500, with its stock finishing up 6.4 per cent or by nearly US$32 billion in 24 hours. That gave it a valuation of US$526 billion, a rise of more than 560 per...

Tesla is riding a wave of enthusiasm from investors who see the electric car maker’s future as bright. — Reuters pic

Tesla is riding a wave of enthusiasm from investors who see the electric car maker’s future as bright. The company’s soaring value means that it can borrow or raise money on more advantageous terms than competitors, CFRA analyst Garrett Nelson said in a note yesterday.

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