Elon Musk says Tesla could hit a $20 trillion valuation with “extreme execution.” But with earnings slipping and Bitcoin ...

Tesla enters Wednesday trading with a market value north of $1 trillion, along with eight other companies in the S&P 500: Nvidia, Microsoft, Apple, Amazon.com, Alphabet, Meta Platforms, Broadcom ...

The uncomfortable fact about its historic run is that no one is sure why it’s happening—or what could bring it to an end.

Tesla's market cap is once again above $1 trillion, with shares closing in on new all-time highs. The average Wall Street price target for Tesla (TSLA -1.35%) is currently $299.56 per share.

That makes Tesla's valuation a north star for nearly every other EV maker. With the right growth strategy, Tesla has proven that a $1 trillion valuation is possible. Image source: Getty Images.

Glassnode says bitcoin has surpassed $1 trillion in realized cap for the first time, highlighting deep liquidity, macro relevance and continued institutional demand.

It's important to note that not all analysts are bearish on Tesla stock. Dan Ives, for example, thinks that Tesla's robotaxi division could add $1 trillion in value by the end of 2026.