Oliver Haslam on October 23, 2021, 12:49 am

Tesla Has Surpassed A $900 Billion Valuation

Tesla has reportedly passed its $900 billion valuation after reaching an all-time high in terms of share price.

The move comes as Tesla also recently achieved an annual run rate of one million vehicles, something that has clearly pleased Wall Street.

Tesla continues to prove popular among car buyers despite what some would perceive as poor build quality and CEO Elon Musk’s ongoing problematic relationship with social media.

Regardless, Tesla doesn’t only make cars anymore with its Tesla Energy division installing solar panels and various energy storage solutions for those who live in a portion of the world where that could be of benefit.

While Musk has previously told people not to pay attention to the company’s stock price, that seems something that is increasingly difficult to do, especially as the company continues to grow its ability to get cars out and onto the road. The Model 3 and Model Y are still hugely back-ordered, however, while Roadster and Cybertruck continue to experience delays.

Tesla is far from the only company making electric cars nowadays, but it’s been able to build a brand cache that is normally reserved for the likes of Apple. It’s perhaps no surprise that Tesla stocks are now surging north, just as the California computer company’s own shares are known to do semi-regularly.

(Source: Electrek)