Tesla shares rocket more than $140 per share on good news about deliveries

Tesla shares rocket more than 0 per share on good news about deliveries

Tesla Inc. just grew by more than $135 billion.

The elective vehicle industry leader’s stock TSLA, +13.53% powered up $143, or 13.5%, to $1,199.78 Monday to their highest close since Nov. 5. The rally comes after Tesla announced over the weekend record fourth-quarter deliveries that blew past Wall Street expectations.

Based on 1.004 billion shares outstanding as of Oct. 21, the stock’s price gain, which would be the biggest since the company went public in June 2010, added about $135.26 billion to Tesla’s market capitalization, to $1.197 trillion. That’s just below the record of $1.235 trillion seen when the stock closed $1,229.91 on Nov. 4.

Tesla has solidified its place as the fifth-most-valuable U.S. company, behind fourth-place Amazon.com Inc. AMZN, +2.21% at $1.729 trillion and ahead of Facebook parent Meta Platforms Inc. FB, +0.65% at $943.17 billion. Tesla has a long…

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