Tesla's Market Valuation Tops $400 Billion After Another Record Close For Stock -- MarketWatch

Dow Jones Newswires · Aug 27, 2020 04:17

DJ Tesla's Market Valuation Tops $400 Billion After Another Record Close For Stock -- MarketWatch

Tesla Inc. (TSLA) soared more than 6% on Wednesday to close at a record $2,153.17 and hitting an intraday high of $2,166. That pushed the Silicon Valley car maker's market valuation to $401.2 billion. The latest string of records for Tesla comes ahead of the stock's 5-to-1 split next week (http://www.marketwatch.com/story/teslas-stock-run-leads-to-5-1-share-split-2020-08-11), and as the company has set a "battery day" on Sept. 22 to showcase its battery technology, which many on Wall Street view as a potential catalyst for the stock.

-Claudia Assis

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(END) Dow Jones Newswires

August 26, 2020 16:17 ET (20:17 GMT)

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Tesla's Market Valuation Tops $400 Billion After Another Record Close For Stock -- MarketWatch

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