Tesla’s (TSLA) shares experienced a significant boost on Monday, driving the company’s market capitalization back above $1 trillion. This surge occurred as part of a broader market rally following an agreement between the U.S. and China to temporarily reduce tariffs. Tesla’s stock climbed nearly 7%, closing at $318.38, resulting in a market cap of $1.02 trillion. This achievement places Tesla among the elite group of American companies valued at $1 trillion or more, alongside Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOGL), Meta (META), Berkshire Hathaway (BRK.A, BRK.B), and Broadcom (AVGO). Despite this recent success, Tesla’s stock remains over 20% lower for 2025 due to controversies surrounding CEO Elon Musk’s past political involvements. Last month, Musk announced he would reduce his role in Trump’s Department of Government Efficiency to focus more on Tesla.
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