Tesla shares hit all-time high on China optimism

(Last Updated On: December 19, 2019)

Tesla shares hit all-time high on China optimism

Shares of Tesla hit an all-time high on Tuesday, with the electric automaker’s stock on track to deliver its best quarterly performance in six years.

The Elon Musk-led Tesla saw its stock rise more than 3 percent in intraday trading, hitting a new record of $394.83 on reports that it is considering cutting the prices of its China-built Model 3 sedans by 20 percent or more in 2020.

ALSO READ: Apple’s new $60,000 Mac costs more than a Tesla

The company’s previous high-water mark was $383.45 in June 2017.

Continue reading Tesla shares hit all-time high on China optimism at Vanguard News.

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