Tesla Stock Reaches $500

Tesla Stock Reaches $500 The company’s stock rose 5% and <br />passed $500 per share, reaching <br />an all-time high Monday. Tesla’s stock value has more than <br />doubled in the past three months, <br />according to FactSet. The company’s market cap <br />now sits at $90 billion. The increase follows the electric <br />car maker’s decision to enter <br />China at the end of last year. CEO Elon Musk announced <br />plans to open a new design <br />and engineering center in <br />China earlier this month.