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Tesla market value crosses $800 billion for the first time

By Reuters | 5yrs ago

Tesla Logo (PHOTO: Reuters)

Shares of Tesla Inc jumped as much as 5.6 per cent on Friday, pushing the electric-car maker’s market capitalization to more than $800 billion for the first time ever and inching closer to the trillion dollar club.

Tesla’s stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc’s top boss Jeff Bezos to become the world’s richest man, Bloomberg News reported on Thursday.

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