the market capitalization is now $ 382.04 billion, making it the thirteenth most valuable company on the US stock exchanges.
Tesla topped $ 2,000 a share on Thursday and ended the week at $ 2,049.98.
Two companies in the top ten U.S. stocks by market capitalization, Alphabet Inc
and Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B), have two classes of shares that are traded among the highest value US stocks.
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Where Tesla ranks among automakers: The electric vehicle and clean energy company is now well ahead of its competitors in the segment. Tesla is now worth more than General Motors
and Nikola Corporation
combined. These auto stocks have a market capitalization of $ 40.87 billion and $ 39.37 billion, respectively.
Tesla News This Week: Tesla shares rebounded despite a negative report from the Chinese market, a growth engine for Tesla.
On Monday, it was reported that Tesla registrations made in China fell 24% month-over-month in July.
When Tesla stock hit the $ 2,000 mark on Thursday, Benzinga reported an increase in Tesla call option bids.
“Actually … someone is buying A LOT of $ 2,100 8/21 call options,” GLJ Research founder Gordon Johnson told Benzinga.
“This happens a LOT (for example, someone buying short-term call options outside the monetary limit, forcing the person writing those options to buy stocks), which pushes the stock in a way. constant.” Highest Crypto Coins Earnings of the Week
See Also: Unusual Tesla Options Trading That Pushes Stocks Even Higher
The Electric Vehicle Landscape: Consumer demand for electric vehicles is increasing. Tesla accounts for nearly 82% of all electric vehicles sold in the United States, which is certainly a source of concern for its competitors.
General Motors plans to revolutionize the segment with its GMC Hummer EV next year. Detroit could also have plans for an electric Corvette, which Joe Biden, Democratic presidential candidate, blurted out in an ad.