6/30, 6:13 PM (Source: TeleTrader)
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Chart for: Tesla, Inc.

Tesla reaches new all-time high at $1,083 per share

Shares of Tesla Inc. climbed to a new all-time high on Tuesday after reaching a value of over $1,083 per share. Furthermore, the company's market value went over $200 billion for the first time on record, making it worth as much as Netflix or Disney.

Earlier this week, the company's founder Elon Musk said it could "break-even" in the second quarter of 2020 despite the coronavirus crisis, after urging the employees to go "all-out" in the last week of June to "ensure a good outcome." The company also confirmed several days ago it would start building a new production plant in the United States.

The market stakes of the electric vehicle manufacturer rose 7.36% to trade at $1,083.65 per share at 12:13 am ET.

Breaking the News / JR