Business

Tesla’s stock price has skyrocketed. Is there a catch?

Tesla is on a roll.

After recording a $1.1 billion loss in the first half of 2019 and seeing its stock price tank to $180 per share, the electric car company has come roaring back, boasting profits in both the third and fourth quarters of last year. Tesla sold 367,500 cars in total in 2019 — more than it sold in 2018 and 2017 together. Its stock price blasted past $400 per share around the start of 2020, closing at almost $570 per share earlier this week. That tipped Tesla over the magic threshold of a $100 billion stock market valuation.

Source:

theweek.com

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