Tesla Stock Hits Record High Despite Auto Insurer's Rate Hike

Tesla (TSLA) hit a record high Monday despite reports that national insurer AAA is raising rates for the electric-car maker's Model S and X vehicles, which could have an impact on sales.

On Sunday, a report from Automotive News said AAA is raising premiums for Tesla vehicles. The AAA said premiums could go up 30%, based on statistics from the Highway Loss Data Institute and other sources.

Tesla disputed the analysis as "severely flawed and is not reflective of reality," according to

What feeling does this article give you?

#hashtags to follow:

TSLA [+]    Monday [+]    AAA [+]    Automotive News [+]    Highway Loss Data Institute [+]   

More #news: