Why Tesla Shares Are Rising After CEO Elon Musk's Milestone Announcement

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Tesla Inc TSLA shares are trading higher by 3.33% to $920.09 Monday afternoon. Elon Musk on Sunday indicated the company has now made over 3 million cars.

What Happened?

Tesla CEO Elon Musk on Sunday tweeted a congratulatory message to Gig Shanghai for producing its one millionth car, and announced that Tesla has now manufactured over three million electric vehicles.

In his tweet, Musk applauded the accomplishment and included a picture of Giga Shanghai workers on the factory floor surrounding the one millionth car produced, a red Tesla... Read More

See Also: Snap Stock Is Moving Monday: What's Going On?

According to data from Benzinga Pro, Tesla has a 52-week high of $1,243.49 and a 52-week low of $620.57.

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