Tesla closes with record high, market value exceeds $80 billion

Tesla on Friday reported production and delivery of electric vehicles in the fourth quarter of last year, both of which hit a record high and met its full-year delivery target of 360,000 to 400,000 vehicles, according tomedia reports. The record production and delivery of electric vehicles and the completion of full-year delivery targets have also boosted Tesla’s share price and its market value. At the close of trading in U.S. stocks on Monday, Tesla’s shares were trading at $451.54, up $8.53, or 1.93 percent, from $443.01 at the close of the previous session.

Tesla closes with record high, market value exceeds $80 billion

Monday’s close of $451.54 was the first time Tesla shares had closed above $450, and it closed again at a new high.

Monday’s rally continued, meaning Tesla’s closing price rose in all three trading days after 2020. Tesla shares closed at $430.26 on January 2, up $11.93 from the previous session, and rose to $443.01 on January 3, up $12.75 from the January 2 close. Add in Monday’s $8.53, and Tesla shares have risen $33.21 in three trading days.

Tesla also hit a new high after closing at a record high, at Monday’s close of $81.388 billion, up $1.538 billion from Friday’s close of $79.85 billion.

Although Tesla shares closed at a new high on Monday, they closed at $451.54, still $2.46 below Friday’s intraday high of $454.