Why Tesla Stock Soared Past $640 on Thursday
Shares of electric-car maker Tesla (NASDAQ: TSLA) surged to an all-time high on Thursday. As of 10 a.m. EST today, the stock was up 10.2%, putting it at about $640.
The stock's gain follows the automaker's strong fourth-quarter results and news that its new electric Model Y crossover is coming to market earlier than expected. Revenue and earnings per share during the period beat analysts' average expectations, and free cash flow jumped.
Source Fool.com