Shares over at electric vehicle (EV) manufacturer Tesla has increased astronomically over the years but investors are still pushing its value forward leading to its eventual dominance over consumer giant Procter & Gamble (P&G) Monday on the New York Stock Exchange (NYSE).
According to a report on Bloomberg, Tesla stocks closed at a record of $1,835.64 on the same day, an increase of more than 11%. This comes despite the lower number of registered cars in China were Tesla is seen as a shaker on the local market. Investors are still confident that the company can push itself to the top of its game.
This latest figure pushed the company’s figures to up to 339% up this year alone which helps add fan the flames that the company will soon join the exclusive S&P 500 Index, an elite group of five hundred business in the United States where they are the most commonly followed equity indices.
Well, the stocks don’t stop going up from there for the company’s newest stock plan can drive up its prices more. In fact, Tesla was the eight most popular traded stock on the Robinhood trading platform.
Elon Musk’s EV company has now a market value of $342 billion. It is higher now compared to P&G, which is the tenth-largest stock in the S&P 500 index, with $337 billion.
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