Tesla’s inventory soars as tens of 1000’s of Robinhood customers purchase it

Tesla’s stock soars as tens of thousands of Robinhood users buy it


Tesla’s inventory reached an unprecedented intraday excessive of $1,760 on Monday, simply as tens of 1000’s of latest traders had been pouring into the inventory utilizing the net brokerage Robinhood. Knowledge from Robintrack exhibits that the variety of Robinhood customers holding Tesla shares soared from 408,000 firstly of the day on Monday to 458,000 on the day’s finish—a leap of 50,000 customers.

By Tuesday morning, the inventory had given again a few of these positive factors, with the inventory buying and selling under $1,500.

Robinhood introduced Monday that it had raised $320 million from traders at a valuation of $8.6 billion.

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