Elon Musk expressed his admiration for China during his surprise visit to Beijing after cancelling his India trip, citing ‘very heavy Tesla obligations’.
Tesla's lack of new car releases threatens to cause supply-side issues for the carmaker. That could see it slash EV prices again, Toni Sacconaghi said.
Tesla shares surged as much as 14.9% to $1,045.02, making it the world's most valuable automaker according to Reuters calculations based on its latest filing.
Elon Musk-run electric car company Tesla on Monday hit the $1 trillion market cap for the first time. Tesla becomes the fifth US company to join the $1 trillion club, after Apple, Microsoft, Amazon, and Alphabet.