TESLA shares break above $1000

Tesla (TSLA.US) stock jumped over 7% during today's trading session, thereby setting a new record. The upward impulse appeared after founder and CEO Elon Musk announced, it was "time to go all out" on the production of the Tesla Semi, and detailing some of the plans for the freight truck's production. In a memo Tesla employees, first cited by Reuters, Musk said the company's Nevada factory would likely produce the truck's battery and powertrain, while the rest of the work would be carried out in other locations around the US.

The stock traded as high as $ 1,010 in midday trading, the continuation of a rally that started Monday with positive car sales news from China. So far Tesla stock is up 140% this year. Source: xStation5

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TESLA shares break above $1000

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