Tesla Inc shares traded above $420 on Monday, more than a year after Elon Musk t...
FILE PHOTO: The logo of Tesla carmaker is seen on a car at the Top Marques fair in Monaco May 30, 2019. REUTERS/Eric Gaillard
In recent months, Tesla’s shares have had a run of good fortune on the back of a rare quarterly profit reported in October, news of production ramp-up in its China factory and upbeat early deposits for its recently launched electric pickup truck. "Whoa … the stock is so high lol," Musk tweeted on Monday, after Tesla shares crossed the $420 mark.
The take-private tweet in August last year, at a time when Tesla was trading in the mid-$330s, had taken shares as high as $387. Later in the month, shares were closer to $320 amid intense regulatory scrutiny.
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