TESLA SHARES SOAR BY 21%
Publish Date : 2019/10/24 - 04:42

TESLA SHARES SOAR BY 21%


Tesla Inc (O:TSLA) on Wednesday surprised investors with a quarterly profit that sent its shares soaring, as Chief Executive Elon Musk promised a 2020 rollout of a cheaper SUV and more self-driving technology to stay ahead of larger rivals rushing into the premium electric vehicle market he created.

Shares rose nearly 21% to $307.12 after hours on the unexpected news, crossing $300 for the first time since March 1 after record deliveries and cost cuts ensured a profitable third quarter.

Source:investing

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