Tesla Stock reached $1000 within months after a stock split that reduced the price per share to $444 and this is why

Tesla stock was trading at $444 per share after its 5 - 1 stock split and now it's already trading at $1006.44 per share. This means Tesla stock was up 10 percent in one day and it's on its way to reaching and passing one trillion in market value. Today, Hertz rental car that recently emerged from bankruptcy reported that it will by 100,000 Tesla cars to put on the read for car rental customers. 

If the $1 trillion dollar valuation holds for Tesla (TSLA), this means the stock will join Apple, Amazon, and Microsoft as the newest trillion-dollar company. 

According to CNBC "Strong EU sales and bullish analyst calls further boosted Tesla’s stock price. Morgan Stanley’s Adam Jonas raised his price target on Tesla to $1,200 a share from $900 on Sunday. Jato Dynamics said Tesla’s Model 3 electric sedan became the first fully electric vehicle to top new car sales overall in Europe in September.

The deal, which will bring in a reported $4.2 billion for Tesla, is the largest ever purchase of electric vehicles, Bloomberg previously reported.

This also means that Elon Musk's net worth increased to $250 billion. Elon Musk holds 22.4 percent of the company at the beginning of the year 2021. 

Quarterly financials

Earnings calls