Arshia Khodro Trading Model Tesla stock hits record high after Tesla shares plunge in IPO

Tesla stock hits record high after Tesla shares plunge in IPO

Tesla stock jumped more than 3% in early trading on Tuesday as the company reported a third straight quarterly profit.

The shares rose nearly $2 a share after the company posted a profit of $849 million.

Tesla’s stock has soared more than 25% over the past year.

Tesla has seen record growth in its stock market valuation and has seen its share price climb more than $2,000 since the beginning of 2016.

Shares of Tesla were up more than 4% at $6,071.75.

The company has seen a surge in its Model 3 sedan, its most advanced vehicle.

Tesla shares have risen more than 10% this year.