Shares of Tesla Inc.TSLA,
extended its most recent rocket ride by 6.3% in premarket trading Tuesday, putting it on track to open in record areas well above the $ 500 mark. The stock was up 12.6% to a record on Monday after a 5-for-1 stock split went into effect, and ended August with a monthly gain of 74.2%. That was the best monthly performance since rising 81.1% in May 2013 and the second-best monthly profit since going public in June 2010. The electric vehicle maker also ended August with a market cap of $ 464.3 billion the seventh best valuable US company. This has helped Tesla CEO Elon Musk become the third richest person in the world according to the Bloomberg Billionaires Index. Tesla̵
are up 565.4% and Workhorse Group Inc. WKHS,
rose by 330.2% in the same period. The S & P 500 SPX,
has gained 19.6% in the last 12 months.