Tesla Value Hits $100 Billion.

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This new valuation officially makes it the first US automaker worth more than $100 billion.

Elon Musk, Tesla’s chief executive, danced during an event in Shanghai last week where the company delivered cars made in China to customers.Credit…Aly Song/Reuters

Despite all odds, Tesla’s ascension continues with the shattering of another record. On Wednesday, the electric automaker’s stock prices surged so high that it reached a valuation of $100 billion dollars—making it the first publicly traded U.S. carmaker to surpass that high mark.

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