---
title: "Next Stop, $420? Tesla Stock Climbs to an Intraday Record High"
description: "The electric-car maker’s shares climbed as much as 2.9% on Wednesday to $390, an intraday record. They’ve surged more than 50% since the company reported a surprise profit on Oct. 23."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Business Maverick"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2019-12-18-next-stop-420-tesla-stock-climbs-to-an-intraday-record-high/"
published: "2019-12-18T23:39:41"
updated: "2019-12-19T05:11:01"
lang: "en-ZA"
word_count: 78
---

# Next Stop, $420? Tesla Stock Climbs to an Intraday Record High

> The electric-car maker’s shares climbed as much as 2.9% on Wednesday to $390, an intraday record. They’ve surged more than 50% since the company reported a surprise profit on Oct. 23.

By Bloomberg · Published 19 December 2019, 01:39 SAST · Updated 19 December 2019, 07:11 SAST

## Content

Tesla Inc.’s stock rally won’t quit.The electric-car maker’s shares climbed as much as 2.9% on Wednesday to $390, an intraday record. They’ve surged more than 50% since the company reported a [surprise profit](https://www.bloomberg.com/news/articles/2019-10-23/tesla-surges-as-musk-s-cost-cuts-pay-off-with-surprise-profit) on Oct. 23.

Tesla Chief Executive Officer Elon Musk has had a higher price in mind before, of course. The stock still has a ways to go before reaching the [$420 price](https://www.bloomberg.com/news/articles/2018-09-27/musk-picked-weed-linked-price-to-impress-girlfriend-sec-says) at which he claimed the company would go private last year.