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Tesla (TSLA) shares hit all-time high

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Elon Musk, Tesla CEO, gestures while he visited the Gruenheide construction site near Berlin on August 13, 2021.

Patrick Pleul | Reuters

TeslaThe shares hit an all time high Friday as they jumped above $900 per share just days after record profits and revenue in the third quarter.

This marks the first intraday record set by the company since January.

Tesla’s impressive earnings result was due to improved gross margins, which were 30.5% for its automobile business and 26.6% in the overall. After-hours trading saw the stock drop below 2% on Wednesday.

Just before 11:00 a.m., Tesla’s market capital stood at nearly $900 billion. ET.

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