Shares of Tesla Inc climbed by nearly 7 percent 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, MarketWatch reports.. The stock traded at a high of US$1,005 in midday trading, the continuation of a rally that started Monday with positive car sales news from China. The stock is up by 140 percent this year, contrasting with losses of 0.9 percent and 5 percent for the S&P 500 index and the Dow Jones Industrial Average.

Source: The Standard June 10, 2020 15:19 UTC