Tesla Stock Hits All-Time Record High
Today, Tesla stock soared to a record high of $199.30.
IT is widely expected of course that TSLA will rocket past $200 for the first time ever before the end of this week.
From open to the closing bell today, Tesla stock increased by nearly $10 (4 cents shy of 10 bucks, to be exact).
What’s this mean for Tesla Motors? For starters, those Model S fires that tanked the stock price now seem to be so far back in the past that they’re forgotten.
More importantly, Tesla’s market cap is once again nearing $25 billion. We think the value of the company could (and will be) used by Tesla in the future to finish development of Gen III and get it to market.