Tesla shares price jumps 300% post Q2 2020 revenues, compared to Jan 2020

Tesla Shares

Elon Musk, the CEO of electric car maker Tesla, is now the fifth richest person in the world. The change in his status comes after the company reported its first full year of GAAP profits, along with second-quarter results Wednesday. This soars Tesla shares price to new level but will this continue till Q3 2020?

Mr Musk’s net worth reached $74billion Monday afternoon. The electric vehicle and alternative energy company is now worth more than General Motors, Ford, BMW and Ferrari combined as its shares reached $1,643.00. That is a 300% increase since January 2020. They currently trade at $1,592.

Tesla stock

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Galina Mikova

About Galina Mikova

Galina is a Hubspot-certified Technical Writer with over 10 years of experience in working with Fortune 500, private investment, banking, FOREX and niche tech companies as well as crypto and blockchain startups. She has a solid background in FinTech and blockchain technology.

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