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Electric-car maker Tesla's shares on Friday ended up 7.84% at $880.02, hitting a record high.
Tesla's market capitalization crossed $800 billion, fortifying its position as Wall Street's fifth most valuable company, above Facebook Inc.
Tesla CEO Elon Musk also surpassed Amazon's top boss Jeff Bezos to become the world's richest person, Bloomberg News reported on Thursday.
Evercore ISI upgraded the rating on stock to "in line" from "underperform" and raised the price target to $650 from $225.
Separately, Reuters reported that China's search engine giant Baidu plans to form a company to make smart electric vehicles (EV), with manufacturing to be carried out at plants owned by automaker Geely.
The company also launched a cheaper variant of the Model Y, its sports utility vehicle, bringing its price closer to that of Model 3 sedan, Tesla's least expensive car.
Tesla stock has surged over 700% in the past 12 months.
Tesla's market capitalization crossed $800 billion, fortifying its position as Wall Street's fifth most valuable company, above Facebook Inc.
Tesla CEO Elon Musk also surpassed Amazon's top boss Jeff Bezos to become the world's richest person, Bloomberg News reported on Thursday.
Evercore ISI upgraded the rating on stock to "in line" from "underperform" and raised the price target to $650 from $225.
Separately, Reuters reported that China's search engine giant Baidu plans to form a company to make smart electric vehicles (EV), with manufacturing to be carried out at plants owned by automaker Geely.
The company also launched a cheaper variant of the Model Y, its sports utility vehicle, bringing its price closer to that of Model 3 sedan, Tesla's least expensive car.
Tesla stock has surged over 700% in the past 12 months.
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1 Comment on this Story
 | Suresh Kamath8 hours ago TESLA Stocks have Truly beaten every RECORD of MARKET across the World and presently the most sought after Stocks with such mind boggling Market Cap crossing $800 billion and uncharted AREAS for all others hard to beat EVER in the near Future |
