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Tesla surges above $500 billion market cap as its post-earnings rally helps pare last year's brutal rout
2 monthes ago | By Business Insider
Tesla CEO Elon Musk delivering Model 3 cars in Shanghai. STR/AFP via Getty Images
Tesla pierced above a market valuation of $500 million during Thursday's stock rally.
The EV maker's market cap still remains far off its peak of about $1.2 trillion.
Upbeat guidance and record Q4 earnings set off Thursday's stock surge, but analysts were mixed on the results.
Tesla pushed above a market valuation of $500 billion on Thursday after the EV maker's record quarterly profit fueled a rally that chipped further away at last year's stock plunge. The stock jumped as much as to 11.7% to reach $161.42 a...
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