Tesla first reached a $1 trillion market capitalization in October 2021.
Tesla’s valuation passed the threshold after its share price surged following news that Hertz had ordered 100,000 electric vehicles. The milestone made Tesla the first automaker to be valued at $1 trillion by the stock market.
Tesla was founded in 2003 and became a major force in electric vehicles through models such as the Model S, Model 3, Model X, and Model Y. Its business also includes energy storage, solar products, charging infrastructure, and driver-assistance software.
Market capitalization does not directly measure vehicle production or sales. Tesla’s valuation reflected investor expectations about future electric-vehicle growth, software, battery technology, and energy businesses. Its market value has also been notably volatile.