4

Tesla (TSLA) shares hit all-time high

 2 years ago
source link: https://www.cnbc.com/2021/10/22/tesla-tsla-shares-hit-all-time-high.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Tech

Tesla shares close at all-time high

Published Fri, Oct 22 202110:49 AM EDTUpdated Fri, Oct 22 20214:05 PM EDT
Key Points
  • Tesla shares closed at an all-time high of $909.68 on Friday during.
  • The move comes nearly two days after the company reported record revenue and profits in the third quarter.
  • It also marks the first time since January the company made an intraday record.
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021.
Patrick Pleul | Reuters

Tesla shares closed at an all-time high of $909.68 on Friday, two days after the company reported record revenue and profits in the third quarter.

The move marks the first time since January the company made an intraday record. Shares surged above $900 a share shortly after market open.

Tesla’s strong earnings results stemmed from improved gross margins of 30.5% on its automotive business and 26.6% overall. The stock dropped under 2% in after hours trading on Wednesday.

Tesla’s market cap stood at roughly $860 billion at market close.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK