Still it is insufficient to justify its current valuation.
Tesla Records 85% Surge In California Registrations With Model Y Driving Growth
Tesla Inc TSLA 0.43% electric vehicle registrations soared 85% to 23,556 vehicles in the second quarter in the home state California, compared with a year ago,accordingto research firm Cross-Sell, Reuters reported Thursday.What Happened:Cross-Sell said the electric vehicle maker registered a total of 46,926 vehicles among 23 states where it collected data. More than half of these registrations were for Model Y.Model Y registrations in California alone jumped more than sevenfold to 13,581 vehicle
The index is reaching all time high with possibility of correction awaiting.
Tech stocks propel S&P 500, Nasdaq to fresh highs
The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.The broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added ab