Skip to content
Subscriber Only

Tesla Rises After Musk Tweets About Record Global Sales

Updated on

Tesla Motors Inc. rose the most in eight months after chief executive officer Elon Musk tweeted that sales of its electric Model S rose 65 percent in North America last month and reached a “record high” worldwide.

The shares rose 9.5 percent to $242.77 at the close in New York, the biggest gain since Feb. 25. Tesla has advanced 61 percent this year, while the Russell 1000 Index has added 7.2 percent. Yesterday the stock slid the most since Oct. 10 after the Wall Street Journal, citing, sent a headline indicating Tesla sales had declined 26 percent in September, a figure later clarified as referring only to U.S. sales.