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.