Tesla stock hits record as 2019 sales rise more than 50%

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Tesla stock hits record as 2019 sales rise more than 50%
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Tesla's global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019.

Catch up on the developing stories making headlines.The announcement Friday pushed Tesla's shares up nearly 3% to a record close of $443.01. The stock has more than doubled in value since closing at $178.97 on June 3 of last year, its 12-month low point.

Tesla, based in Palo Alto, California, had earlier projected deliveries of between 360,000 and 400,000 units worldwide. In the third quarter, Tesla posted a surprising $143 million profit, raising hopes that the company, which also makes solar panels and battery storage units, could finally be turning the corner to profitability.

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