Tesla shares set new price record

Shares of American electric car manufacturer Tesla set a new price record at the close of trading on Tuesday, December 16. This is reported by CNBC, according to UNN.

Details

It is noted that after a 36% decline in value in the first quarter of this year — the worst period for the stock since 2022 — Tesla's shares reached an all-time high of $489.88.

On Tuesday, the stock rose 3.1%, and since the beginning of the year - 21%. The previous record of $488.54 was set by the company almost a year ago.

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CNBC reports that the company's shares rose this week after its CEO Elon Musk, the richest person in the world, said that Tesla is testing self-driving cars in Austin, Texas, without passengers on board.

With the rise in shares, Tesla's market value grew to $1.63 trillion, making it the seventh largest in the world, trailing only Nvidia, Apple, Alphabet, Microsoft, Amazon, and Meta, and slightly ahead of Broadcom.

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According to Forbes, Musk's net worth is currently about $684 billion, which is $430 billion more than Google co-founder Larry Page, who ranks second on the list.

Recall

Musk became the first person in history whose fortune exceeded $600 billion, thanks to the growth of SpaceX's valuation to $800 billion. His stake in SpaceX is $336 billion, and in Tesla – $197 billion.

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