How Tesla shares rallied as Teslas surge in US market
Tesla stock is rising as a surge in demand for electric vehicles has put the battery company’s shares on a tear, with a new record high.
The company’s stock price soared more than $2,000 on Tuesday, after Tesla announced it had delivered the Model 3 sedan to customers in just four days.
The rally comes amid a sharp drop in gasoline prices and the possibility of a global war over climate change, which has sparked a global recession.
Tesla has said it will produce 1,000 vehicles per week at its Gigafactory, which is in the Nevada desert.
Shares of Tesla jumped 2.6 percent to $30.79 in morning trading.