Tesla CEO Elon Musk in Shanghai on January 7 2020. Picture: REUTERS/ALY SONG— Tesla is smashing through records as its impending addition to the S&P 500 index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500bn mark for the first time on Tuesday.
Tesla shares rose as much as 4.1% in New York in early trading, touching an all-time high of $543.17, and pushing its market capitalisation to more than $506bn. Crossing the threshold valuation brings true a prediction from Musk, who is said to have made it 18 months ago in a call with investors.
Coming to think that he nearly became broke because that company, now it's making him rich
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