The good news keeps on coming for Tesla Motors.
On the same day CEO Elon Musk launched online ordering for the Model S and Model X vehicles in Dubai, shares for the electric carmaker rose 4 percent in trading Monday. This breaks through Tesla’s all-time closing high in July 2015, going from $280.02 to $280.60. Overall, Tesla’s shares are up 31.5 percent year-to-date.
This recent spike, though, isn’t pegged to any clear news item, CFRA’s Efraim Levy told Fortune.
