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Tesla Adds Over $20 Billion To It's Value

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On Thursday, Tesla's strong third-quarter earnings sent its stock price up as much as 5.5% on Thursday. The electric-car maker delivered nearly 140,000 vehicles last quarter. That fueled record operating income of $809 million and free cash flow of $1.4 billion. Tesla wants to deliver half-a-million vehicles this year. That would require requiring them to produce about 181,000 cars this quarter. The automaker's stock price has gone up more than fivefold this year. According to Business Insider the company has a bigger market cap than Johnson & Johnson, Procter & Gamble, or JPMorgan Chase.

Added on the 22/10/2020 09:45:56 - Copyright : Wochit

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