Tesla shares set a new historical record per day

Tesla shares set a new historical record per day

February 4, 2020 0 By autotimesnews

The stock price of the American automaker of electric cars jumped by almost 20 percent.

Tesla’s stock price on the American Stock Exchange has updated its historical record to $ 780 per share. This is an almost 20 percent increase, RIA Novosti writes with reference to the trading data. The recorded dynamics, according to economists, is considered the best since 2013. At the same time, the capitalization of a leading manufacturer of electric cars overcame the mark of 140 billion dollars. Tesla shares creeped up immediately after the announcement of Panasonic, concerning the first quarterly profit in the joint venture with the American brand.

 Recall, this company specializes in the production of batteries. Until this moment, the joint venture was considered unprofitable – production problems interfered.

 A week ago, Tesla talked about a 12 percent reduction in net loss last year – up to $ 862 million. At the same time, revenue growth reached 24.578 billion (more than a 14 percent increase). All this had a positive effect on the volume of deliveries of electric cars – they also got the right to be called record.