Tesla shares reach record high

[Bradley Prior]

Tesla shares reach record high

Tesla shares rallied to a record high on Friday, taking the electric-vehicle maker another step closer to joining an elite group of companies with market valuations of at least $1 trillion. [Bloomberg]

 

[Ghost64]

Another trillion $ company...
Do they still have all that bitcoin he bought?

 

[system32]

Another trillion $ company...
Do they still have all that bitcoin he bought?

Yes.
They sold a bit to test liquidity, but still have a bunch.

Their bitcoin holding is minor in the overall size of Tesla.

What's driving the share price is the 2 new factories (Berlin & Texas) that are coming online and they have 6 months of backlog on orders - also the profit margin per car is high.

EDIT: Tesla also have a few side businesses :

• PowerWall
• MegaPack
• Solar Roof
• Insurance
• Car Charging
• Tesla Tequila