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Tesla shares soared by 20% increased by 300% since June 2019

North America / Business and Finance

Tesla Shares rose sharply due to report first quarterly profit combines with Panasonic business.

Tesla shares soared by 20% increased by 300% since June 2019

the shares of American electric car manufacturer Tesla shot up by 20% on Monday after Panasonic reported its first quarterly profit, Tesla combines with American business for the production of batteries.

New shares of the company Elon musk was a record in 2013. Also enthusiasm contributed to the company's announcement on capital management Ark Invest, which forecasts the growth of Tesla stock to $ 7,000 by 2024, compared to a record high Monday at $ 780 per share.

Tesla's Shares rose more than 30% since then, as a company under the leadership of CEO Elon musk last Wednesday reported the second quarterly profit in a row, which was regarded as an important milestone for the manufacturer, competing with such reputable industry heavyweights like General Motors and BMW.

Papers of the company grew by more than 300% since the beginning of June, helped by exceeding expectations financial results and the growth of production at the new factory in Shanghai.

Panasonic reported that a joint business with Tesla to produce batteries has improved dramatically due to the expansion of production at plant 1 Gigafactory in Nevada.

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