{"id":750381,"date":"2013-05-08T18:37:59","date_gmt":"2013-05-08T22:37:59","guid":{"rendered":"http:\/\/gigaom.com\/?p=643604"},"modified":"2013-05-08T18:37:59","modified_gmt":"2013-05-08T22:37:59","slug":"tesla-shares-soar-almost-30-in-after-hours-on-profit-news","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/750381","title":{"rendered":"Tesla shares soar almost 30% in after hours on profit news"},"content":{"rendered":"

Tesla’s shares are soaring — even more than they already did this week — on news that the company has hit<\/a> the milestone of delivering the first quarterly profit in the company’s history.<\/p>

\"Tesla<\/a><\/p>

Tesla’s shares rose at one point almost 30 percent in after hour trading to over $70 per share. Earlier this week Tesla’s shares had hit an all-time high of over $60 per share.<\/p>

When Tesla held its IPO and started trading back in the summer of 2010, it went public<\/a> at $17 per share. It’s $70-per-share milestone in after hours trading is more than four times that initial IPO price.<\/p>

Tesla and CEO Elon Musk have ambitions far higher than this current marketcap and stock price. Musk has a payout package<\/a> that allocates shares when Tesla’s marketcap adds $4 billion up until it reaches $43.2 billion, along with accompanying operating milestones.<\/p>
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