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Tesla Shares Top $1,000

Published 06/10/2020, 10:00 AM
Updated 06/10/2020, 10:01 AM
© Reuters.

© Reuters.

By Kim Khan 

Investing.com - Shares of Tesla (NASDAQ:TSLA) crossed the $1,000 mark Wednesday as the stock continued to push into record territory.

Tesla was at $996.50 in morning trading after hitting an intraday high of $1,004.82.

The stock is up nearly 140% year to date.

CEO Elon Musk said today that it is time to bring its Semi commercial truck to “volume production”, as the U.S. electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.

“Production of the battery and powertrain will take place at Giga Nevada,” Musk said in an email seen by Reuters.

The company said Monday it sold 11,905 Model 3 vehicles in China for May, more than triple its sales the month before.

-- Reuters contributed to this report.

Latest comments

Tulips anyone ??
When it hits 2k all you crybabies will still be saying its overated...
Most overrated stock and company of all time...
Every one say this but shares go up🤣🤣
even when the CEO tells people the company is overpriced, they still buying.
Madness.
Why pay more to drive an electric car? And yes big old lithium batteries require mining and electricity isn't free or entirely green.
better than the old fashioned gas cars...not green at all...
Electrics really aren't either they just sound better.
overpriced?
Elon Musk has been calling it overpriced for the last $300/share or so...
overpriced?
Time to sell .. !
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