Tesla (NASDAQ:TSLA) crossed over the $1T market cap level once again with a swing higher on Friday of 6.7%. For comparison, Tesla (TSLA) trades with a higher valuation of the next ten biggest auto stocks combined,

Gene Munster, managing partner at Deepwater Asset Management, highlighted that Tesla stock surged 44% over the past 12 trading days, far outpacing the Nasdaq’s 4% gain during the same period. “This is more than just a meme stock,” Munster wrote in a ...

so investors would most likely cheer any progress on that front. Shares of Tesla are up 26% this year, in line with gains of the S&P 500 and the Nasdaq 100. Read next Follow us on: Indices