Why Shares of Tesla Soared Nearly 30% in June

Shares of electric-car maker Tesla (NASDAQ: TSLA) rocketed 29.3% in June, propelling the company's stock price above $1,000 a share for the first time ever, according to data from S&P Global Market Intelligence.

Since the end of June, it's gone up even further, and it's currently hovering around $1,400 a share. Over the past year, shares of the upstart auto company have blasted up about 500%, absolutely obliterating the S&P 500's 6.3% gain.

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Source Fool.com