Driving out of 'valley of death,' Tesla stock pops after Q3 news
Shares of Tesla Motors soared nearly 8 percent today after the company disclosed it had accelerated production of its electric vehicles in the third quarter.
In a letter to shareholders, CEO Elon Musk and Chief Financial Officer Deepak Ahufa said the company had reached a "fundamental turning point" making the transition to a mass production car company that was able to pass through a proverbial "valley of death."
"Overall, I feel Tesla was really kind of past the point of high risk. Several months ago, I said I thought that the coming several months would … Read more