Tesla stock over $ 1,000 - VW & Co overshadowed

Tesla-Chef

NEW YORK. The course driver for the drastic increase was an email from Musk to the employees, in which he promised the mass production of electrically operated tractor units.

Tesla's shares broke the $ 1,000 mark on Wednesday for the first time since going public ten years ago. At its peak, the price of the US electric car manufacturer soared by 7.5 percent to just under $ 1012. The price has almost tripled since the fall of the Tesla share in the wake of the global Corona stock market crash to $ 350 in mid-March.

The company of the bustling CEO and major shareholder Elon Musk is currently valued on the stock exchange at around $ 187 billion or the equivalent of around € 165 billion. For comparison: The three German carmakers BMW, Daimler and Volkswagen together bring it to almost 156 billion euros.

The course driver was an email from Musk to the employees on Wednesday, in which he promised the mass production of electrically operated tractor units. The batteries and the electric drive for these vehicles are to be manufactured in the factory in the state of Nevada.

The course rally in October really got going. At that time, the Californians surprised with a quarterly profit. In view of the high costs of the expansion, many experts did not believe the group could do this. Most recently, with the third quarterly profit in a row, the company posted its longest stretch of profitability since it was founded in 2003.

The successful series recently also gave company boss Musk, who is driving Tesla's expansion with the planned gigafactory in Brandenburg near Berlin, a big payday. The star entrepreneur had earned the hundreds of millions of dollars in the first tranche of a highly endowed long-term compensation plan, which is linked to the achievement of certain targets, for example in terms of market value or sales development.