Tesla Shares Headed for Record for First Time in a Year
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Tesla Inc. shares extended a rally climbing as much as 4.9% Monday and are on pace to close at an all-time high for the first time since December 2024, defying growing concerns about the company’s soaring valuation. It’s been a rocky comeback for the electric-vehicle maker, whose shares have more than doubled since they hit a low in early April amid a wider market meltdown sparked by President Donald Trump’s tariff offensive. The stock was trading as high as $481.37 in early trading in New York. If the gains hold through the end of regular session, the stock will close at a new all-time high. Its last closing record was $479.86 on Dec. 17 last year.