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8/26, 8:21 PM (Source: TeleTrader)
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Tesla+4.93%

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Tesla jumps nearly 7% to hit all-time high

Tesla Inc.'s shares soared almost 7% on Wednesday to reach another record high of $2,166 ahead of a five-to-one share split that is set to take effect on August 31.

Meanwhile, the company reportedly expects its Model Y to be built in China by 2021, while Tesla's SUV is set to be made at the Shanghai Gigafactory.

The electric vehicle manufacturer surged 6.85% at 2:25 pm ET, selling for $2,161.85 per share.

Breaking the News / GA