[Asia Economy New York=Correspondent Baek Jong-min] Tesla, the American electric vehicle company led by Elon Musk, has simultaneously reached a stock price of $1,000 and a market capitalization of $1 trillion. Analysts suggest that this reflects a 'level up' in the evaluation of electric vehicle companies as the electric vehicle market fully opens.
On the 25th (local time), Tesla closed at $1,024.86 on the Nasdaq market, up 12.66% from the previous day. Following last week's breakthrough of $900, Tesla's stock price quickly transformed into the 'Thousand Tesla' that overseas Korean investors had been anticipating.
Tesla's market capitalization also surpassed $1 trillion, joining the $1 trillion club alongside Apple, Microsoft (MS), Alphabet, and Amazon, standing shoulder to shoulder with the world's major big tech companies. Reuters reported, "Tesla has become the first automobile company to join the elite $1 trillion market capitalization club."
On the same day, rental car company Hertz announced it would purchase 100,000 Tesla Model 3 vehicles, driving the stock price upward. CNBC reported that the rental car company's decision to buy a large number of electric vehicles and choose Tesla as a partner marked a new milestone in the history of the automobile industry.
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