Tesla touches trillion-dollar mark as Electric Vehicles go mainstream
Tesla Inc. joined an elite group of companies with market values of at least $1 trillion on Monday, a key milestone for the Elon Musk-led carmaker whose shares have been on a tear amid a global shift to electric vehicles.
The maker of the Model 3 sedan – the top-selling electric car worldwide – is now the second fastest company ever to reach this mark, taking just over 11 years since its public debut in June 2010. Facebook did it faster, although its market capitalisation is now below $1 trillion as the stock has sold off over the past two months. The other US-listed members of the trillion-dollar club include Apple Inc, Microsoft, Alphabet Inc and Amazon.com Inc.
