Tesla Stock Reaches $500
- 4 years ago
Tesla Stock Reaches $500 The company’s stock rose 5% and
passed $500 per share, reaching
an all-time high Monday. Tesla’s stock value has more than
doubled in the past three months,
according to FactSet. The company’s market cap
now sits at $90 billion. The increase follows the electric
car maker’s decision to enter
China at the end of last year. CEO Elon Musk announced
plans to open a new design
and engineering center in
China earlier this month.
passed $500 per share, reaching
an all-time high Monday. Tesla’s stock value has more than
doubled in the past three months,
according to FactSet. The company’s market cap
now sits at $90 billion. The increase follows the electric
car maker’s decision to enter
China at the end of last year. CEO Elon Musk announced
plans to open a new design
and engineering center in
China earlier this month.