Electric car maker Tesla is rising sharply in early trading in New York and could be on track for a new record high by the close. The stock is initially up 4.3 percent to around $478 per share.
The stock's record closing high of $479.86 was on December 17th of last year, and Elon Musk's company has been on both sides of the fence since then. However, the share price has more than doubled since April when President Donald Trump launched his tariff measures, causing global stock markets to fall sharply.
Otherwise, however, it is a negative start to the trading week on Wall Street. The broad S&P-500 index is down 0.1 percent, the Dow Jones industrial average is hovering around zero, and the Nasdaq composite index, where Tesla, among others, is traded, is down 0.4 percent.
