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StockWatch: Tesla Joins $1tn Club!

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Tesla has breached a trillion dollars in market capitalization, and it’s the fifth US company to join the club.

Shares in the electric carmaker climbed by 12.6% after it also struck a deal to sell vehicles to the car rental firm Hertz.

Facebook focused on the company’s third-quarter earnings, which topped analysts’ estimates.

The company said it’s adding $50 billion to its stock buyback program, helping lift the shares by about 2% in extended trading.

Timestamps:

  • TSLA 01:50
  • FB 03:10

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