Tesla shares surge again
Tesla is now valued at more than Ford, General Motors, Honda, Fiat Chrysler and Daimler combined after the company’s share price has nearly quadrupled this year, from $430 to about $1,550.
The latest surge in value came after the company posted a profit for a fourth straight quarter during the three months to June.
It made a profit of $104m, despite the coronavirus pandemic and a shutdown of its factory in California. New cars have continued to roll off its assembly lines in Fremont and Shanghai, producing more than 90,000 in the last three months.
