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Tesla Sees Stock Rise

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Tesla Sees Stock Rise

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Entertainment (now)

3 Views • Aug 03, 2018

Description

Shares of Tesla Inc (TSLA.O) jumped more than 12 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks.
The stock added about $6.27 billion in market capitalization and gave the company a valuation of $57.35 billion, vaulting it past General Motors Co (GM.N) to make it the most valuable U.S. automaker.