Autos

Tesla (TSLA) stock hits $500 for the first time

0


Tesla stock continued to rally on Monday, rising nearly 10% on the day and closing at an all-time high of $524.86 per share.

Tesla, which is now up more than 20% in 2020, continued to soar on its entrance into China and Q4 delivery figures that exceeded Wall Street’s expectations. The stock has more than doubled over the past three months, according to FactSet.

The recent gains bring Tesla’s market cap to about $94.6 billion, which is more than that of General Motors and Ford combined. The companies’ market caps, which measure the value of their outstanding equity, don’t tell the full story, though.

Tesla stock has been on a tear this quarter after announcing a surprise profit in its…



Source cnbc.com

Europeans trigger Iran deal dispute mechanism to save it after Tehran’s breaches

Previous article

Delta (DAL) earnings Q4 2019 beat estimates

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Autos