Tesla Stock Hits Record High, Again

(Before It's News)

Editor’s note: Tesla’s stock opened at a record $53.74 yesterday. That follows the stock hitting a record earlier this week, as the post below from EV Obsession discusses. With another big announcement at the end of the week, and Tesla winning a dealership battle in Texas, it’s no wonder the stock rose again. And I’m sure it will rise again. For now, here’s Nathan’s piece from EV Obsession:

Tesla Motors has been on something of a roll recently, and the company’s stock price is reflecting that, hitting an all-time high of just under $53 earlier this week.

Image Credit: Tesla Motors

Tesla shares briefly hit the $53 mark early on Tuesday morning, shortly after market opening. The new record high is around three times what the initial public offering price was back in June 2010, $17 a share. Shares have already risen 50% just in last year alone, no doubt largely thanks to the great success of the Model S, and to the company reporting a profit for the first time.

As Gas2 notes: “This stock market success stands in stark contrast to competitor Fisker Automotive, which was recently declared one of the worst venture capital disasters in recent history.” That’s not to say that Tesla has done everything perfectly, but it certainly seems to be on the right track.

As of writing this article, Tesla shares are currently selling at $52.

Tesla Stock Hits Record High, Again was originally published on: CleanTechnica. To read more from CleanTechnica, join over 30,000 others and subscribe to our free RSS feed, follow us on Facebook (also free!), follow us on Twitter, or just visit our homepage (yep, free).

• Graph of the Day: Biological condition in rivers and streams across nine U.S. ecoregions
• In Montana, ranchers line up against coal – ‘They call us radical environmentalists because we want the laws enforced’
• Empty nets in Louisiana three years after the spill – ‘Looks like somebody poured motor oil all over the marsh there’
• Fukushima groundwater contaminated with leaking radioactive water – Japan reconstruction minister to visit Chernobyl site
• Sea level rise panel won’t require ‘future flood’ disclosure for Delaware home sellers
• Oil sands country: Remote region at the heart of the Keystone controversy
• Scientist says pollution from China is killing a Japanese island’s endangered trees – ‘This is proof that when such a big country industrializes, its effect will spread everywhere’
• Canada Warns Obama To Approve Keystone: Rejecting It “Would Represent A Serious Reversal In Our Long-Standing Energy Relationship”
• Natural Disasters List April 27, 2013
• Landslide in Kenya’s Kiambu county kills 3 girls