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

Tesla Inc.
TSLA,
+11.11%
shares on Monday rose more than 14%, headed for a record high and trading above shares of Google’s parent Alphabet Inc.
GOOG,
+1.72%
GOOGL,
+1.85%
and Priceline.com’s Booking Holdings Inc.
BKNG,
-0.09%.
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,
+1.14%.
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,
+1.32%