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Tesla shares jump 5%, market value crosses $800 billion for first time

In the previous session, its market value crossed $774 billion, making Tesla Wall Street's fifth most valuable company

twitter-logoReuters | January 8, 2021 | Updated 20:33 IST
Tesla shares jump 5%, market value crosses $800 billion for first time
Tesla shares surged more than eight times last year

Shares of Tesla Inc jumped 4.9% on Friday, taking the electric-car maker's market capitalization to more than $800 billion for the first time ever.

In the previous session, its market value crossed $774 billion, making Tesla Wall Street's fifth most valuable company, just behind Google-parent Alphabet Inc and ahead of social media giant Facebook Inc.

Its shares, which surged more than eight times last year, had closed up nearly 8% on Thursday. 

Also Read: Elon Musk's Tesla replaces Facebook to become 5th-most-valuable company in S&P 500

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