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Tesla Stock Soars Above $1,000, Surpassing Bitcoin’s Market Cap

Published 06/10/2020, 07:45 PM
Updated 06/10/2020, 09:20 PM
Tesla Stock Soars Above $1,000, Surpassing Bitcoin’s Market Cap

Today the value of Tesla (NASDAQ:TSLA) stock set a new record high at $1,027, bringing the market capitalization to $188 billion, and also surpassing the total market cap of Bitcoin (BTC), which hovers at $181 billion.

While the value of Tesla stock and Bitcoin price are not interconnected, there is a symbolic comparison between the two as the same investor FOMO which drove several Bitcoin rallies in the past appears to be present in the stock market.

Continue Reading on Coin Telegraph

Latest comments

Tesla's using streets that gasoline car drivers pay for. What's up with that one.
Mercedes and BMW competition is coming faster and better then Tesla wants it too.
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