Tesla hit an all-time high on Monday. The stock jumped 2.03% to $389.57 in mid-day trading, but it's now trading fractionally lower at $383.77.
Tesla's highest closing price was set on June 23, when it closed at $383.45.
The new high comes in the middle of the company's production ramp for the Model 3. Tesla has an estimated 500,000 backorders of its first mass-marketed vehicle and is increasing production to try and work through the glut.
The Gigafactory, Tesla's massive battery plant in the...