X

Tesla's Share Price Gets Really, Uh, High

It hits Musk's $420 milestone
By Rob Quinn,  Newser Staff
Posted Dec 24, 2019 3:31 AM CST
In this March 14, 2019 photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla's design studio in Hawthorne, Calif.   (AP Photo/Jae C. Hong, File)
camera-icon View 1 more image

(Newser) – Tesla shares got higher than they'd ever been before on Monday and while it's not clear whether Elon Musk did as well, the CEO certainly had cause to celebrate. The price hit $420 on Monday, the pot culture-inspired milestone at which Musk said he was thinking about taking the company private last year. The share price was at $178.22 at its lowest this year, but it has gone up 74% over the last three months following a third-quarter profit, the unveiling of the "Cybertruck," and moves toward making the Model 3 in China, the Wall Street Journal reports. Musk, true to form, cracked a pot joke after the price hit $420, reports Forbes. "Whoa … the stock is so high lol," he tweeted. (His tweet about taking Tesla private ended up costing him $20 million.)

My Take on This Story
Show results  |  
20%
17%
4%
29%
3%
27%