Tesla’s market valuation hit and then surpassed the $1 trillion mark Monday, a milestone reached by the company 11 years after it became a publicly traded company. It also puts Tesla in select company with Apple, Amazon, Facebook and Google, all of which have market caps above $1 trillion.
Tesla met the $1 trillion market cap mark around midday Monday when shares hit $998.22. Share prices hovered just below $1,000 and then suddenly shot past it — another first for Tesla. Shares closed up 12.66%, at $1,024.86. This is the first time the company’s share price reached $1,000 a share.