Tesla Shares Soar Past $1,000 on Elon Musk’s Plan to Move Forward With Semi Truck

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Tesla Inc. investors pushed the auto maker’s stock to more than $1,000 a share Wednesday, lifting its valuation closer to Toyota Motor Corp.’s, after Chief Executive Elon Musk told employees it was time to begin volume production of the company’s long-promised, all-electric semitrailer truck.

Mr. Musk said in a memo to employees late Tuesday night it was time to bring out the all-electric Tesla Semi truck without saying where it would be assembled or when. Battery production for the truck, he wrote, would occur at the company’s…

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