Tesla stock is now pricier than shares of Google’s Alphabet

Tesla Inc. TSLA, -3.08% shares on Monday rose more than 14%, headed for a record high and trading above shares of Google’s parent Alphabet Inc. GOOG, -1.97% GOOGL, -1.74% and Priceline.com’s Booking Holdings Inc. BKNG, -1.20%. The stock’s one-day gain is its best since a 16% jump in March. The rally has pushed the Silicon Valley car maker’s market value to around $321 billion, the most valued car company in the world after Japan’s Toyota Motor Co. TM, +0.06%. Tesla shares are up nine out of the past 10 sessions as investors await the company’s second-quarter results next Wednesday, and the possibility of a surprise quarterly profit that would set the company to joining the S&P 500 index. SPX, -0.93%

Source: MarketWatch