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Tesla shares soar past $1,000, becoming most valuable automaker in the world

2 min read
Tesla stock market

It has been a wild year for Tesla shareholders. With shares priced as low as $207 in the past 52 weeks, and in the $300’s just 3 months ago, Tesla broke the $1,000 barrier in trading this morning to become to the most valuable automaker in the world.

With shares trading above $1,000, Tesla now has a market capitalization of $186 billion, putting it above the previous title holder, Toyota at $176 billion.

Tesla’s share price has risen this year despite the coronavirus pandemic, which forced the shutdown of all its facilities in the US for more than 2 months.

With just a few weeks left in the second quarter, the automaker was able to deliver the first Model Y in Canada last night in Vancouver. That marks the first international delivery of the electric SUV, which Elon Musk expects to outsell all other Tesla vehicles combined.

If you were a Tesla shareholder as of May 15, 2020, don’t forget about the upcoming shareholder meeting on July 7, 2020.

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