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11/19/2020, 4:14 PM (Source: TeleTrader)
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Tesla-2.28%

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Tesla tops $500 per share to reach new record high

Shares of Tesla Inc. surged past the $500 per share level on Thursday to reach a new record high shortly after the news that the carmaker is set to join trading on the S&P 500 next month.

The producer of electric vehicles had an outstanding performance in the third quarter of the year, with its earnings per share soaring 69% compared to 2019.

Tesla's stocks jumped 3.66% to $503.24 per share at 10:18 am ET, setting a new record. The previous high stood at $502.49 and was seen on September 1.

Breaking the News / ND