Tesla stock has surged past the $1 trillion valuation mark once again for the first time since mid-January, following a nearly 16 percent rally in the past five trading days.

At the time of writing, Tesla shares were up over 1.3 percent, trading at $1012.25 at 11:30 AM EST.

Tesla shares rebounded a portion of its valuation following a bearish few months this week. Tesla officially opened its Gigafactory Berlin facility in Germany this week following a year of bureaucratic red tape, which delayed production at the factory from starting for over eight months.

"Tesla now back above $1 trillion market cap is a telling tale of the confidence the Street has in this generational growth story," Wedbush analyst Dan Ives told Teslarati. "Musk is flexing his muscles with the Berlin and Austin build-outs, and within the E.V. landscape at this point it’s Tesla’s world and everyone else is paying rent."

Additionally, rising gas prices could be helping Tesla as more consumers work to transition to electric vehicles. E.V.s have helped many people avoid paying over $100 at the pump, and a recent report indicated Tesla was experiencing increased order volumes in regions where gas prices were exceptionally high.

Source: Re-posted and Summarized from Joey Klender at teslarati.

My Take: So far this year, the war in Ukraine and rising interest rates have put a damper on Tesla stock. Tesla will still have a great run in 2022. Look for a stock split coming soon?

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Tesla stock has surged past the $1 trillion valuation mark once again for the first time since mid-January, following a nearly 16 percent rally in the past five trading days.

At the time of writing, Tesla shares were up over 1.3 percent, trading at $1012.25 at 11:30 AM EST.

Tesla shares rebounded a portion of its valuation following a bearish few months this week. Tesla officially opened its Gigafactory Berlin facility in Germany this week following a year of bureaucratic red tape, which delayed production at the factory from starting for over eight months.

"Tesla now back above $1 trillion market cap is a telling tale of the confidence the Street has in this generational growth story," Wedbush analyst Dan Ives told Teslarati. "Musk is flexing his muscles with the Berlin and Austin build-outs, and within the E.V. landscape at this point it’s Tesla’s world and everyone else is paying rent."

Additionally, rising gas prices could be helping Tesla as more consumers work to transition to electric vehicles. E.V.s have helped many people avoid paying over $100 at the pump, and a recent report indicated Tesla was experiencing increased order volumes in regions where gas prices were exceptionally high.

Source: Re-posted and Summarized from Joey Klender at teslarati.

My Take: So far this year, the war in Ukraine and rising interest rates have put a damper on Tesla stock. Tesla will still have a great run in 2022. Look for a stock split coming soon?

Re Posted From: Tesla Surges To 1 Trillion Valuation Once Again

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