Tesla shares top $1000

Shares of Tesla (NASDAQ:TSLA) crossed the $1,000 mark Wednesday as the stock continued to push into record territory.

Tesla was at $996.50 in morning trading after hitting an intraday high of $1,004.82.

The stock is up nearly 140% year to date.

CEO Elon Musk said today that it is time to bring its Semi commercial truck to “volume production”, as the U.S. electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.

“Production of the battery and powertrain will take place at Giga Nevada,” Musk said in an email seen by Reuters.

The company said Monday it sold 11,905 Model 3 vehicles in China for May, more than triple its sales the month before.

— Reuters contributed to this report.


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