Tesla stock breaks the $100 barrier

Article by Christian Andrei, 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

Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
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