Tesla shares prices jump 54 per cent
Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded 140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations.
Shares in the company surged 5.5 per cent on Friday to new intraday highs after the news reviving investor confidence that Tesla has returned to profitability.
Overall production was roughly 105, 000, yet another record for the company, signifying the production woes of the past have been rectified, as the company provided an update on the key Shanghai facility, reporting that over 1, 000 vehicles had already been produced and indicated a greater than 3, 000 unit run capacity. Tesla share price closed on 3rd Jan at 443.01 USD up 12.75.
Tesla stock may be completing the last stage of a runaway uptrend.