Tesla (TSLA) has a market cap of $67.7 billion, according to FactSet data, a valuation that is up nearly $10 billion on Friday morning from its closing price on Friday.
Tesla has also raised its market cap over the past three weeks, from $60.5 billion on June 20, to $67 billion on Thursday.
Tesla stock has soared almost 40% since its opening price on July 17, rising from $16 to $31.80 on Friday, the highest closing price in the history of the company.
Tesla shares are currently trading at their highest levels since their opening price, which was $16.50 on Friday on Wall Street.
Tesla is up almost 10% in 2017.
Tesla’s stock has gained nearly 10% since the company’s initial public offering in July, and is up more than 14% over the last three weeks.
Tesla stock is up over 14% in the past five years, according a study from S&P Dow Jones Indices.
The company’s stock is currently trading up about 5% per day.
Tesla, which has been valued at $125 billion, has more than doubled its market capitalization to $158 billion over the course of the past year.
Tesla will need to raise more capital to compete in the global auto industry, which is facing a wave of declining sales.
Tesla already has the largest market cap among the top 20 global automakers, and has the third-largest market cap globally.