India, June 11 -- After starting the year at $430, Tesla stock rose dramatically by nearly 80% in January. Six months into the year, they now stand at more than $1,000, higher than any other auto player.
For most automobile manufacturers across the globe 2020 hasn't been a great year so far. But that isn't the case for Tesla. The EV manufacturer's share price has now breached the $1000 mark and surpassed Toyota to take the top spot and making it the world's most valueable carmaker. In fact, it has risen by nearly 9% over the last two days after CEO Elon Musk confirmed that Tesla will enter into development of commercial trucks. The company's significant rise in sales in China last month could also have had an impact on the share price.
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