Tesla stock (TSLA) hits $2,000 per share for the first time

Tesla stock (NASDAQ:TSLA) just hit a new milestone yet back on Thursday’s intraday, using the electrical automobile maker temporarily trading at $2,000 per share for its very first time. While brief, hitting $2,000 per share is still a notable achievement for the automobile maker that was electrical considering that TSLA stock was trading.

Tesla shares experienced a increase on Thursday, using TSLA stock. Tesla’s trading quantity appeared quite notable with over 13 million shares. With its recent milestone, Tesla now commands an impressive $372 billion market cap. 

$TSLA hits $2,000 per share on the three year anniversary of Tesla Daily pic.twitter.com/NZ8Mzchn2C

— Tesla Daily (@TeslaPodcast) August 20, 2020

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While the exact reasons for TSLA’s Thursday surge stay anonymous, there are a range of updates. Tesla is building three Gigafactories across the globe today: one in Shanghai, one in Berlin, and the other in Texas. All 3 factories are progressing quite quickly, with a recent drone flyover of the Giga Shanghai site revealing a busy complicated with continuing 24/7 work. 

Flyovers of the Giga Berlin and Giga Texas website are equally encouraging. In the instance of the former, Tesla’s use of prefabricated panels is proving quite successful, using Giga Berlin’s drive unit facility taking form quickly. And in the case of the latter, work seems to be getting faster by the day, using more heavy equipment like pile drivers along with trucks being set up on the Giga Texas website. 

Have you ever noticed the night view of Shanghai #Tesla #Gigafactory3 If not, get started now :-RRB- https://t.co/NDRGxRUZk3 #Teslashanghai #TeslaMovie pic.twitter.com/tYKN3sFons

— 乌瓦 (@bentv_sh) August 20, 2020

#GigaBerlin August 20/ / 2020Flight round the site.Next week I will be flight over the building site, I promise– 2 pilledriver on operate – public parking lot? Ready – roof and wall mounted function ( PT )– Drive Unit ( DU ) brand fresh walls– First columns setup in ( GA – SE ) pic.twitter.com/fIzgYImTSD

— @GF4Tesla. . .build #GigaBerlin. (@Gf4Tesla) August 20, 2020

Reports have also suggested the Fremont Factory is now being equipped with new machinery that would allow the enterprise to outfit the Model Y with a rear cast. This will likely pave the way for a quicker and more efficient ramp for its crossover that is all-electric, that will allow the company to expedite the car ’s deliveries in the US as well as other territories. 

Aside from these, TSLA stock is forecast to experience a number of positive upgrades . As a result of a profitable next quarter, Tesla has achieved the requirements to qualify for its S&P 500. Whether Tesla will be added into the index remains uncertain for now, though expectations are high that the automobile maker will be a S&P 500 member especially considering its market cap exceeded the 11th-biggest company in the index. Tesla is also anticipated to run a stock split, which should set the company within reach of investors. 

As of now, Tesla stock is trading 6.20percent at $1,995.00 each share. 

Disclosure: I have no possession in shares of TSLA and have no plans to initiate any places over 72 hours.

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