Tesla shares set new price record
Kyiv • UNN
Tesla shares reached an all-time high of $489.88 on December 16, up 3.1% for the day. The company's market value rose to $1.63 trillion, and Elon Musk's fortune reached $684 billion.
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.
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.
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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