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Tesla is on a roll early this 2020 as its shares skyrocketed anew on Tuesday.
Tesla’s shares increased by as much as 20.5%, and trading as high as $940. This milestone appreciated Tesla’s worth at around $170 billion.
In the last two days, Tesla posted a 40% increase in shares. Tesla’s overall performance for this year is more than twice of its latest increase. Since July 2019, Tesla’s shares have spiked 274%.
On Wednesday, Tesla said it had announced its first annual profit that beat analysts’ expectations.
Wedbush Securities analyst Daniel Ives noted on Monday, “While Tesla shares remain on a historic rally post earnings, the bull party will likely continue in the near-term as the aggressive trajectory of production and demand out of Shanghai look very strong out of the gates.”
Panasonic, Tesla’s battery supplier, also provided a boost to Tesla’s shares as is posted improved quarterly earnings.
Chief Executive Operator, Elon Musk, is the most fortunate about the company’s stock soar as he will be handed a lucrative pay package after receiving pay only through stock options since 2018.
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
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