Tesla inventory reaches $2,000 amid hovering curiosity in EV corporations

Exterior photograph of a grass-ringed car dealership.

Enlarge / A Tesla facility in Lathrop, California. (credit score: Andrei Stanescu / Getty Photographs)

Tesla’s inventory closed at a document excessive of $2,000 on Thursday, pushing the corporate’s market capitalization to $370 billion. Tesla has been on a weeklong rally since asserting a five-for-one inventory break up. The break up shall be distributed to anybody who holds the inventory tomorrow—Friday, August 21.

Just a little greater than two months have handed since Tesla’s inventory first reached $1,000 per share. Final month, Tesla introduced a strong second-quarter revenue of $104 million. It was the fourth straight quarter of earnings.

That might qualify Tesla for inclusion within the S&P 500 inventory index. If Tesla wins a slot within the S&P 500, funds that monitor the index would want to purchase Tesla shares. That might push the inventory value up even additional.

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