Tesla surges above $500 billion market cap as its post-earnings rally helps pare last year's brutal rout

Tesla pushed above a market valuation of $500 billion on Thursday after the EV maker's record quarterly profit fueled a rally that chipped further away at last year's stock plunge. The stock jumped as much as to 11.7% to reach $161.42 a share, propelling the company's market capitalization to $510 billion.
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