Tesla’s stock price is soaring and Elon Musk couldn’t be happier

[Yoni Heisler]

Shares of Tesla have been on a meteoric rise over the past three weeks. Right before Thanksgiving, shares of Tesla were trading at around $328 per share. At the time of this writing, Tesla shares are trading at $419, representing a whopping 27% increase in a very short period of time. Earlier today, Tesla shares for a brief time even eclipsed the $420 threshold which, while not bearing any true significance, was the price at which Elon Musk famously said Tesla was going to go private.

With Tesla shares appreciating steadily over the past few days, some were anticipating the stock would drop drastically this week. And yet, the share price keeps on rising. Naturally, this begs the question: why are investors so bullish on Tesla all of a sudden?

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Tesla’s stock price is soaring and Elon Musk couldn’t be happier originally appeared on BGR.com on Mon, 23 Dec 2019 at 18:17:03 EDT. Please see our terms for use of feeds.

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