Tesla stock breaks the $100 barrier

Article by Christian A., on May 28, 2013

Today, Tesla stock surged past the $100-a-share level and for those who don’t know this is the first time due to the fact that the company is preparing to announce that it will expand its charger network for vehicles this week. At 9:52 a.m. eastern time Tesla stock gained 7.3 percent to $104.21, which means that its shares almost tripled this year through May 24.

On May 20, Tesla CEO Elon Musk announced that the company will expend its supercharger network, after repaying a United States loan. The American company became the first recipient of a U.S. Energy Department loan to pay its debt.

Back in 2012, Tesla Motors began installing solar-powered supercharger stations on major U.S. highways in order to allow Model S customers to charge their vehicles. The Tesla Model S has a range of 265 miles (426 kilometers) and a starting price of $69,900.

Topics: tesla, shares

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 2017
Having a 400 hp and 470 lb-ft of torque is a tremendous advantage. Yet Ford hasn’t formally announced the numbers regarding its latest Ford Expedition. The current SUV as we...
by - February 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries