Tesla market value crosses $500 billion in meteoric rally
Tesla Inc blew past $500 billion in market value on Tuesday as investors snapped up its shares in the run-up to its debut in the S&P 500, extending a meteoric rally that has seen it surge over 500% this year.
Tesla has become by far the world`s most valuable automaker, despite production that is a fraction of Toyota Motor Corp, Volkswagen or General Motors Co.