Shares of Tesla Inc. TSLA,
rose 12.6 percent in trading on Monday, helping the carmaker become the seventh largest company in the United States in terms of market capitalization. Tesla ended the session on Monday with a valuation of 464.3 billion dollars, after beating Visa Inc. V,
for the first time to take slot # 7, according to Dow Jones Market Data. Visa ended the day with a valuation of $ 451
.1 billion. Monday’s rally continued a sharp rise in shares of Tesla and marked the first day of trading in shares on the basis of a split adjustment. Tesla announced earlier in August that it would split its shares “five for one” and the split officially took place after the end of trading on Friday. Tesla shares have risen nearly 200 percent in the past three months and have risen about 500 percent for the year. The S&P 500 has risen 15% over a three-month period and 8% so far in 2020.