Shares of electric car maker Tesla Inc. struck a fresh intraday record Tuesday, as excitement about the company’s coming Model 3 sedan continued to build. The stock rose to a high of $335.16, putting it on pace for another record close. The stock set its last record close on Friday, ending at $325.14. “Tesla’s short-term success is tied to the delivering and ramping up production of the Model 3 on time and as it gets closer to the scheduled start in July, investors seem to be encouraged by what they are seeing,” electric car news site Elektrek wrote. Tesla’s market cap currently stands at $54.8 billion, placing it ahead of General Motors Co. at $50.8 billion and Ford Motor Co. at $44.3 billion, according to FactSet data. Tesla shares have climbed 56% in 2017, while the S&P 500 has gained 8%.
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