Tesla has added more than $200 billion to its market value so far this year in what's also been its best quarter of stock performance in more than two years.
Tesla Inc. has added more than $200 billion to its market capitalization in the first three months of the year alongside what’s likely to be the best start to a year for the stock in its history.
Shares of the electric-vehicle company have roared 54% higher so far in 2023, putting them on track to log their largest quarterly percentage gain since the fourth quarter of 2020, according to Dow Jones Market Data. That would mark Tesla’s TSLA seventh-best quarter on record if the gains carry through to the end of the period, as well as Tesla’s best first quarter on record.
Tesla shares enjoyed their best week in a decade at one point in January, as Musk told investors on the company’s fourth-quarter earnings call that demand for Tesla vehicles was still way ahead of production.
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