Shares of Tesla Inc. (TSLA) rose nearly 7% on Wednesday, vying for a fresh record. A memo from Elon Musk has emerged, in which the chief executive told employees it was "time to go all out" on the production of the Tesla Semi, and detailing some of the plans for the freight truck's production. The stock traded as high as $1,005 in midday trading, the continuation of a rally that started Monday with positive car sales news from China. The stock is up 140% this year, contrasting with losses of 0.9% and 5% for the S&P 500 index and the Dow Jones Industrial Average .
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 10, 2020 10:17 ET (14:17 GMT)
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