U.S. Stocks on the Move | Tesla (TSLA.US) opens high and climbs over 2.6%, market cap approaches $1.6 trillion

Zhitong Finance APP has learned that on Tuesday, Tesla (TSLA.US) opened higher and climbed further; as of press time, it was up about 2.6%, returning above $400, with a total market capitalization of nearly $1.6 trillion. Since August, the stock has gained more than 30% cumulatively. On the news front, market speculation about a potential merger between Tesla and SpaceX continues to heat up. Musk confirmed on SpaceX's October 20 earnings call that the two sides have set up a dedicated committee to explore the merger, but no specific transaction plan has yet been finalized.