It’s been a great week for Tesla. The company has been enjoying favorable coverage in the news cycle — from its highly successful launch of pre-orders for their solar roofing technology to a number of exciting developments they announced at their shareholder’s meeting. Now, the company’s stock prices are reaping the benefits: Fred Lambert at Electrek reports that as of Thursday, Tesla’s stock reached an intraday high of $360 per share — setting the valuation of the company at $60 billion.
This healthy trend has led to the company being added to the Fortune 500 list for the first time. Currently, Tesla is listed at the 383rd position on the list.
This most recent surge is likely thanks to the strong focus on the future the company displayed at their shareholder’s meeting. Tesla has a clear vision for its future and a solid plan to get them there, and their list of upcoming projects is exciting enough to keep interest in the company’s workings high. The world is readily awaiting the arrival of the first solar roofing tiles, a new Tesla car model, and the Tesla Semi, as well as a host of new Gigafactories (which may be going international) to ramp up production and help meet the high demand.