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 at which he claimed the company would go private last year.
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Business Maverick
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.
Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company's manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Photographer: Qilai Shen/Bloomberg