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Tesla (TSLA) shares hit all-time high

Tesla CEO Elon Musk gestures as he visits the development website of Tesla’s Gigafactory in Gruenheide close to Berlin, Germany, August 13, 2021.

Patrick Pleul | Reuters

Tesla shares hit an all-time excessive on Friday, surging above $900 a share practically two days after the corporate reported file income and earnings within the third quarter.

The transfer marks the primary time since January the corporate made an intraday file.

Tesla’s robust earnings outcomes stemmed from improved gross margins of 30.5% on its automotive enterprise and 26.6% total. The inventory dropped underneath 2% in after hours buying and selling on Wednesday.

Tesla’s market cap stood at nearly $900 billion shortly earlier than 11 a.m. ET.

https://www.cnbc.com/2021/10/22/tesla-tsla-shares-hit-all-time-high.html | Tesla (TSLA) shares hit all-time excessive

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