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8/20, 7:17 PM (Source: TeleTrader)
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Tesla jumps over 6%, hits new record-high

Tesla Inc. surged over 6% on Thursday to temporarily reach a new record-high by surpassing $2,000 per share.

While the e-car maker's five-for-one share split is set to take place on August 31, the latest information revealed that Tesla will start the production of its Model Y SUV vehicle in China by early 2021.

Tesla's stocks soared 6.23% to sell for $1,995.60 per share at 1:23 pm ET. Today's record-high previously briefly hit a price of $2,003.16 per share, marking a fresh record-high. Tesla’s market cap stands at around $372.5 billion at the moment, meaning it has surpassed Walmart's approximated $370.8 billion.

Breaking the News / ND