Shares of the electric vehicle giant run by the oft-erratic billionaire Elon Musk rallied to their highest price since early this year in Friday trading, as Musk’s net worth, battered badly by his controversial purchase and leadership of Twitter, closes in on once again becoming the largest in the world.
Tesla shares ticked up 3% Friday, now up 16% over the last week as the automaker rides optimism about its prospects at home and abroad following a partnership with Ford, opening its EV chargers to the legacy American car company’s vehicles, and Musk’s meeting with Chinese business and political leaders.