Tesla market value crosses $800 billion for the first time

Reuters

Posted at Jan 08 2021 11:18 PM

Tesla market value crosses $800 billion for the first time 1
CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York, June 29, 2010. Brendan McDermid, Reuters/File Photo

Shares of Tesla Inc jumped 4.9% on Friday, taking the electric-car maker's market capitalization to more than $800 billion for the first time ever.

In the previous session, its market value crossed $774 billion, making Tesla Wall Street's fifth most valuable company, just behind Google-parent Alphabet Inc and ahead of social media giant Facebook Inc.

Its shares, which surged more than eight times last year, had closed up nearly 8% on Thursday. 

RELATED VIDEO

Watch more on iWantTFC