Tesla’s stock soars by $57 billion
Edited By WION Video Desk
Published: Jul 04, 2023, 06:20 IST | Updated: Jul 04, 2023, 06:20 IST
Tesla and Rivian automotive have experienced an impressive surge in their shares and second quarter deliveries. Tesla's shares skyrocketed by 7% following better-than-expected quarterly deliveries, proving CEO Elon Musk's strategy of boosting volumes through discounts is paying off. This surge lifted tesla's market value by a staggering 57 billion dollars to reach a remarkable 887 billion dollars. The company's stock has already more than doubled in value this year, far exceeding analysts' price targets.
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