The share price of electric automaker Tesla has risen by nearly 20 percent on Monday. The price explosion came about thanks to good results from the Panasonic and Tesla battery branch and increased stock market advice.
Investors jumped massively on Monday after the battery branch in which Tesla and Panasonic are in, announced that they had made a profit for the first time. Research firm Argus Research also raised the target price from $ 556 (about € 503) to $ 800.
With the 19.9 percent increase, the share price closed at exactly $ 780. The value of Tesla has tripled in recent months. Where you could purchase a share in the electric automaker at the end of October for around $ 255, that was $ 780 on Monday at the end of the day.
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