Tesla Crosses $1 Trillion Valuation Mark on 3.31% Share Price Rise

On October 1, 2025, Tesla’s stock price surged by 3.31%, closing at $459.46 per share. This remarkable increase propelled the company’s market capitalization to over $1 trillion, reaffirming its position among the world’s most valuable companies. Notably, this milestone was achieved despite the recent expiration of the $7,500 federal electric vehicle (EV) tax credit, which had previously provided significant incentives for EV buyers and lessors. In response, Tesla adjusted its pricing strategies, notably increasing lease prices for models like the Model Y, to offset the loss of this credit.