Tesla closing auction saw 69 million shares trade at $695

  • Tesla shares are up by a mammoth 730% this year.
File photo of Tesla CEO Elon Musk. (REUTERS)
File photo of Tesla CEO Elon Musk.

Surging interest from index-tracking funds sent Tesla Inc.’s price surging to a record $695 in the auction used by exchanges to close trading, almost 4% above its average price Friday.

More than 69 million shares traded in the electronically managed closing print, a key price that will act as a starting point for passive funds that track the S&P 500. It came on a day of extreme volume for the electric vehicle maker, which will enter the storied equity benchmark on Monday. Almost 200 million Tesla shares changed hands in the regular session

Also check these Vehicles

Find more Cars
Tesla Model S (HT Auto photo)
UPCOMING
75 kWh 200 396 km
₹70 Lakhs - 1 Cr
View Details
Tesla Model 3 (HT Auto photo)
UPCOMING
82kWh 225 kmph 555 km
₹ 70 - 90 Lakhs
View Details
Battre Electric Mobility Battre Electric Loev (HT Auto photo)
3.1 kWh 65 Kmph 60 km
₹59,900
Compare
Battre Electric Mobility Battre Electric One (HT Auto photo)
3.1 kWh 50 Kmph 85 km
₹74,000
Compare
Battre Electric Mobility Battre Electric Iot (HT Auto photo)
30 Ah 110 kmph 85 km
₹79,999
Compare
Compare

As of Friday’s close, Tesla shares are up 730% this year. The S&P Dow Jones Indices committee announced Tesla would be added to the S&P 500 in November, and shares have surged around 70% since. Now, the electric-vehicle maker will be added to the most-followed stock benchmark at a record high price-tag of $695.

First Published Date: 19 Dec 2020, 08:52 AM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.