Tesla Stock Reaches an All-Time High

Shares of electric vehicle maker Tesla recently reached an all-time high with a closing price of $393.15 on Wednesday.

The company saw its stock pop almost 4% with intra-day highs even going farther than when CEO Elon Musk had tweeted “funding secured” back in August of 2018. The gains gave the manufacturer a market cap of $70.9 billion.

This quarter shares of Tesla have risen almost 60% after the company reported a profit in the third quarter.

Tesla has also officially launched ‘Acceleration Boost’, a $2,000 over-the-air software upgrade that makes the 0 to 60 mph acceleration of the Model 3 Dual Motor Long Range go down to 3.9 seconds.

The company is now offering the upgrade and it represents a 0.5 second improvement in the 0-60 mph acceleration for Model 3 Dual Motor vehicles:

“Improve your 0-60 mph acceleration from 4.4 seconds to 3.9 secnds with an over-the-air update,” said Tesla.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.