Tesla shares surge a record13% as strong deliveries drive profit optimism


Tesla's annual sales could hit US$100 billion by 2025

NEW YORK: Shares of Tesla Inc surged 13% to a record high on Monday, extending their rally to over 40% in five sessions after analysts raised their price targets on the electric car maker following its strong quarterly deliveries.

The day's jump increased Tesla's stock market value by $30 billion, eclipsing the entire value of Ford Motor Co , currently at $25 billion.

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