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Investors Business Daily
Investors Business Daily
Business
ED CARSON

Tesla Stock Spikes 44%, Market Cap Soars $250 Billion In 10-Day Run

Tesla on Tuesday extend its win streak to a 10th straight session, achieving a massive market cap gain over that time period.

The EV giant jumped 3.7% on Tuesday to 262.33, briefly hitting its best levels since last October. Tesla stock has risen for 10 straight session, the longest win streak since a 13-day run in June 2023.

Shares has spiked nearly 44% in that span. That's added roughly $250 billion in market cap, the biggest gain in that span period or less since March 2022.

That TSLA stock market cap gain is larger than the entire valuation of any other automaker, except for Toyota Motor.

Tesla's market valuation is now $836.6 billion.

Tesla has soared in part on stronger-than-expected second-quarter EV deliveries and battery storage deployments. Looking ahead, Tesla earnings are due on July 23, with a robotaxi event on Aug. 8.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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