Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021.
Patrick Pleul | Reuters
Tesla shares hit an all-time high on Friday, surging above $900 a share shortly after market open, nearly two days after the company reported record revenue and profits in the third quarter.
Shares were trading at roughly $906 after 2:30 p.m. ET.
The move marks the first time since January the company made an intraday record.
Tesla's strong earnings results stemmed from improved gross margins of 30.5% on its automotive business and 26.6% overall. The stock dropped under 2% in after hours trading on Wednesday.
Tesla's market cap stood at roughly $850 billion midday.
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October 22, 2021 at 09:49PM
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Tesla shares hit all-time high - CNBC
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