Tesla soars, closing in on Elon Musk's goal
Tesla surged as much as 3.4% Wednesday to an intraday record high, closing in on CEO Elon Musk's $420-per-share goal. The stock traded as high as $395.20 per share, jumping after Bloomberg reported that the automaker is exploring a 20% price cut for its Model 3 sedan in China. Tesla is up about 54% since it announced a surprise profit in its third-quarter earnings report. Musk famously tweeted he sought to take Tesla private at $420 per share in August 2018.