Tesla Stock Breaks $100 for the First Time

Tesla certainly isn't a loser anymore.



SEE ALSO: Elon Musk Wants to Build an Electric Pickup Truck

Tesla's stock has nearly doubled since the earnings report was released on May 8, and its market cap is now nearly $12 billion. That's certainly well below other big American car companies like General Motors ($46 billion) and Ford ($60 billion), but Tesla is catching up quickly.

TSLA Chart

TSLA data by YCharts

Elon Musk, the company's founder, has seen his net worth increase significantly as a result. CNNMoney reports that the value of Musk's stake in Tesla has increased by more than $2 billion this year.

Image via Brendan Smialowski/Getty