Investing

Cramer says Tesla is a phenomenon that seems to ‘go up endlessly on nothing’

0


CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months.

“Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on Wall Street. “I’ve actually never seen a stock go up endlessly on nothing.”

Shares of Tesla were up about 2% in premarket trading at the time of Cramer’s remarks.

The stock picked up steam during regular trading, closing up 8.5% at $1,208.59 per share for a market value of $1.2 trillion. Tesla shares notched a new all-time intraday high of $1,209.75 apiece during the session.

Tesla has soared in recent weeks…



Source cnbc.com

0 0 votes
Article Rating

How activist investor Politan Capital can raise profitability at Centene

Previous article

The first Fed rate hike is now expected as early as July following the hot CPI data

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Investing