Tesla Released Quarterly Results Yesterday
Tesla stock soared yesterday after Elon Musk announced fourth-quarter results that bested that of analysts predictions. Shares immediately jumped 8.5% yesterday ending at 210.00 a share.
Tesla sold more than 6,892 Model S cars last year. Musk announced that they start sales in China next month and that the company has a goal to meet a 1,000 car production a week by the end of the year. This also depends on Panasonic's ability to produce enough batteries to meet production capacity. Find out more from Bloomberg's Alex Ohnsman