Tesla Jumps 7% on First Model S Deliveries

by Benzinga Staff
June 18, 2012 2:26 PM | 1 min read | Make a Comment

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Tesla (NASDAQ: TSLA) is preparing to deliver its first Model S sedans this week and investors are buying the stock ahead of this catalyst. On Monday, Tesla shares have jumped more than 7% to $32.20. The Model S is the company's first vehicle that has been completely designed and built in-house and is built in Fremont, California. The car has a range of as much as 300 miles per charge. The base price for the Model S is $57,400, or roughly half of the price for Tesla's Roadster sports car. After today's gains, the company has a market cap of more than $3.3 billion. Year-to-date, Tesla shares have added more than 12%. The company was founded by CEO Elon Musk and is based in Palo Alto, California.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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