Tesla became the sixth company ever to reach a $1 trillion market capitalization.
Tesla passed a $1 trillion valuation in October 2021 after its shares surged following news of a major vehicle order from Hertz. At the time, Tesla was the sixth company to reach that market-cap milestone.
The achievement reflected investor expectations about electric-vehicle adoption, Tesla’s production growth, battery technology, and its potential role in energy storage and software. Tesla’s valuation was extraordinary compared with traditional automakers because markets were pricing future expansion as well as current vehicle sales.
Tesla was founded in 2003 and delivered its first production car, the Roadster, in 2008. Its market capitalization has remained especially volatile, so rankings and threshold dates can differ depending on whether intraday or closing values are used.