Tesla, an electric car company, has broken a historical record, reaching $907.56. The previous price maximum was recorded in January 2021 at the level of $900.4.

Tesla shares soared against the background of the data of company’s quarterly earnings report on October 20. The company’s net income hit a record for the third time in a row and amounted to $1.618 billion. Compared to the previous quarter, revenue grew by 389 percent and showed a fivefold increase against the same period in 2020 (then the figure was equal to $331 million). The auto giant’s revenue soared by 57 percent to $13.8 billion (against $8.8 billion a year earlier).