Tesla Stock Surpasses $1,200 — Now 30% Higher Than Bitcoin Market Cap

Cointelegraph

Published Jul 02, 2020 08:28AM ET

Updated Jul 02, 2020 10:00AM ET

The stock price of Tesla (NASDAQ:TSLA) surpassed $1,200 in pre-market, achieving a market capitalization of over $220 billion. Now, the most valuable car company in the world is worth 30% more than the entire market cap of Bitcoin (BTC), the biggest and most popular cryptocurrency in the world.

Tesla overtook Toyota to become the highest-valued car manufacturer in the global market. It now looks to establish its dominance in the sector as its stock continues to soar.

Continue Reading on Coin Telegraph