Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

Tesla Stock Hits Record High, Again

Editor’s note: Tesla’s stock opened at a record $53.74 yesterday. That follows the stock hitting a record earlier this week, as the post below from EV Obsession discusses. With another big announcement at the end of the week, and Tesla winning a dealership battle in Texas, it’s no wonder the stock rose again. And I’m sure it will rise again. For now, here’s Nathan’s piece from EV Obsession:

Tesla Motors has been on something of a roll recently, and the company’s stock price is reflecting that, hitting an all-time high of just under $53 earlier this week.

tesla model s white

Image Credit: Tesla Motors

Tesla shares briefly hit the $53 mark early on Tuesday morning, shortly after market opening. The new record high is around three times what the initial public offering price was back in June 2010, $17 a share. Shares have already risen 50% just in last year alone, no doubt largely thanks to the great success of the Model S, and to the company reporting a profit for the first time.

As Gas2 notes: “This stock market success stands in stark contrast to competitor Fisker Automotive, which was recently declared one of the worst venture capital disasters in recent history.” That’s not to say that Tesla has done everything perfectly, but it certainly seems to be on the right track.

Tesla’s Model X SUV is due for release sometime towards the end of 2014, followed by the company’s “more affordable” 4th production model to be released sometime before the end of 2017. The 4th production model is going to be somewhat smaller than the Model S, and to sell for about half of what the Model S currently costs. All of that sounds pretty promising to me. If I had to guess, the overall upward trend of Tesla’s stock is likely to continue.

As of writing this article, Tesla shares are currently selling at $52.

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Autonomous Vehicles

The short news update on a case that extends back to 2019 is that an appeals court has overturned a regional court ruling from...

Batteries

The Tesla Megapack is a little more "mega" than it was before. It now is longer, wider, and taller and stores 50% more energy.

Cars

Driving my daughter to the Brisbane airport this morning, I found that quiet Teslas can surprise animals. We had a close encounter with a...

Batteries

NineDot Energy, a leading developer of community-scale energy projects that creates innovative urban energy solutions that support a more resilient grid and deliver economic...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.