Technology

Tesla Shares Close at All-Time High

Patrick Pleul | Reuters
  • Tesla shares closed at an all-time high of $909.68 on Friday during.
  • The move comes nearly two days after the company reported record revenue and profits in the third quarter.
  • It also marks the first time since January the company made an intraday record.

Tesla shares closed at an all-time high of $909.68 on Friday, two days after the company reported record revenue and profits in the third quarter.

The move marks the first time since January the company made an intraday record. Shares surged above $900 a share shortly after market open.

Tesla's strong earnings results stemmed from improved gross margins of 30.5% on its automotive business and 26.6% overall. The stock dropped under 2% in after hours trading on Wednesday.

Tesla's market cap stood at roughly $860 billion at market close.

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