Tesla stock reaches $2,000 amid soaring interest in EV companies
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Summary
Tesla's stock closed at a record high of $2,000 on Thursday, pushing the company's market capitalization to $370 billion. Tesla rival Rivian has raised $5 billion from private investors over the last two years.None of these companies have accomplished nearly as much as Tesla; it's widely assumed that investor interest in these companies is based on the hope that one of them will become "the next Tesla." But as money has poured into these Tesla rivals, that may have inspired investors to take another look at the original.You must login or create an account to comment.Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox.
As said here by Timothy B. Lee