Tesla crossed $100 billion in market valuation for the first time in a stunning rally that has seen its stock more than double in the past three months
- Tesla Inc shares surged on Wednesday, and the company became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co and General Motors Co combined.
“The skeptics have been proven wrong, and the $100 billion market cap is sending the bears into hibernation mode.” “The liquidity concern for now is off the table, and that opens up the ... base to new investors,” said Ben Kallo, senior research analyst at Robert W. Baird & Co., which on Jan. 9 downgraded its rating on the stock to neutral.
The $100 billion market capitalization needs to stay for both a one-month and six-month average in order to trigger the vesting of the first of 12 tranches of options granted to Musk to buy Tesla stock.
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