Shares of Tesla reach record high

New Delhi: Electric car company Tesla that wealth is growing at rocket speed these days. On the one hand, the company is preparing to enter a big market like India. The Government of India has also accepted all possible help from Elon Musk to the company. On the other hand, the company's stock is touching a record high every day. A person belonging to the company has earned more than Rs 1,500 crores from the company's shares.

Tesla's stock crossed the $1,000 (approximately Rs 75,000) level for the first time this week. The company's stock on Nasdaq currently remains at around $1,100 (about Rs 82,400). Thus Tesla is the fifth AC company whose market cap has crossed Rs 1,000 billion. This surge in Tesla shares has benefited its shareholders. Ira Ehrenpreis, a board member of the company, also made more than $200 million (Rs 1,500 crore) on Wednesday by selling Tesla's shares on the stock market.

According to U.S. market regulator and Reuters calculations, Ira Ehrenpreis, an independent director in the company since May 2007, had 370,000-tesla shares. He joined at $50 a share and were due to expire in June next year.

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