There’s no looking back for Tesla Inc. shares, even as their parabolic surge continues to confound market pundits.
The market value of the electric vehicle maker has increased by more than the equivalent of Caterpillar Inc. in just the nine trading days this month through July 14, and was up again premarket July 15, when the stock jumped more than 5% to $1,594.98.
If the move holds during regular trading, Tesla shares will largely erase the July 13 losses, when the stock opened at $1,659 only to close at $1,497.06.
