Tesla Charges Higher After Setting Production Record

Tesla Inc TSLA shares are trading higher by $12.00 (4.5 percent) at $290.30 in Monday's session.

The catalyst for the rally is the announcement that the company set a record for deliveries in Q1 at 25,418 vehicles. This is inline with the company's estimate to deliver 47,000 to 50,000 units in first half of 2017.

After a higher open, Tesla's stock had a brief retreat to $284.58. before continuing its move higher. At this time, it busted into the $290.00 handle as $290.50 stands as the high for the day as of 10:00 a.m. ET.

Its all-time high was made on September 4, 2014 at $291.42 and its all-time closing high was made that same day at $286.04.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!