Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Tesla soars through $1000 per share

A new record high for Tesla stock comes as the company looks to put its new truck into production.

Source: Bloomberg

Reports that suggest Tesla will bring it ‘Semi’ truck to volume production have helped bolster the stock price, pushing it to a new high and seeing the carmaker claim the crown of largest auto manufacturer by market cap.

As of today, Tesla’s market capitalisation of over $180 billion is the largest in the sector in the entire globe surpassing previous titan Toyota. The firm’s rise has been impressive, shrugging off the crises of 2019 and sailing through the Covid-19 panic.

In chart terms, the push to a new record high marks a significant development, clearing the previous peak from February 2020 at $985 and briefly moving above $1000.

Source: ProRealTime

This leaves the stock price with no overhead resistance to target, and while short-term momentum may carry it higher, it is likely that a pullback will provide more attractive risk-reward for longs than the current level. Any pullback that holds above $690 will create a higher low, while in a bigger downward move, $688 and then $464 are near-term targets.

Source: ProRealTime

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.