SHAWNASTRO – Crystal Clear

Tesla shares hit an all-time high on Friday, surging above $900 a share shortly after market open, nearly two days after the company reported record revenue and profits in the third quarter.

Shares were trading at roughly $902 at noon.

It marks the first time since January the company made an intraday record.

Tesla’s strong earnings results stemmed from improved gross margins of 30.5% on its automotive business and 26.6% overall. The stock dropped under 2% in after hours trading on Wednesday.

Tesla’s market cap stood at roughly $850 billion at noon.