Tesla stocks closed $42,72 dollars higher at $641,76 hitting a new all-time high after veteran tech analyst Gene Munster told CNBC that company shares could soar above $2500 in the next 3 years or more than 400% from its current price. Car unit is one of many other departments and business units of Tesla. According to latest Elon Musk’s comments, Tesla is very possible to enter the car insurance business offering its own insurance plans. Car insurance business will improve company’s profit margins. Tesla is up over 650% from the beginning of 2020.