march 30, 2022 

How Tesla Rejoined the Trillion Dollar Club

After a grim winter with Tesla stock slumping by more than 30%, the company Elon Musk built rejoined the exclusive club of U.S. companies worth more than $1 trillion on March 22.

Tesla market cap (billions)

3/29/2021

3/29/2022

$586.7

$1204.9

$1136.4

$1 trillion

Tesla / TSLA

Investors pushed share prices up another 8% on March 28, the day Tesla revealed plans to split its stock in a regulatory filing.

12/31/2021

03/29/2022

$1056.7

$764.04

$1099.6

Tesla first joined the trillion dollar club on October 25, 2021, but its market cap fell below $800 billion as recently as March 14, days before the Federal Reserve raised interest rates for the first time since 2018.

A public company’s value is measured by its market capitalization.

Number of  outstanding shares

Current stock price

Total market cap

Tesla is just the sixth U.S. company to attain a $1 trillion market cap, following Amazon, Apple, Google, Meta, and Microsoft.

Apple became the first public company in the U.S. to reach a trillion-dollar valuation on August 2, 2018.

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