Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Tesla, Inc.
  6. News
  7. Summary
    TSLA   US88160R1014

TESLA, INC.

(TSLA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tesla market value crosses $500 billion in meteoric rally

11/25/2020 | 02:52am EST
FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors' showroom in Manhattan's Meatpacking District in New York City

(Reuters) - Tesla Inc blew past $500 billion in market value on Tuesday as investors snapped up its shares in the run-up to its debut in the S&P 500, extending a meteoric rally that has seen it surge over 500% this year.

The California electric carmaker's stock rose nearly 5%, putting its market capitalization at $519 billion.

Tesla is Wall Street's seventh most valuable company, just behind Berkshire Hathaway , and its shares have rallied over 30% since Nov. 16, when it was announced Tesla would join the S&P 500 benchmark.

Index funds that replicate the S&P 500 will have to buy more than $50 billion worth of Tesla's stock ahead of its inclusion to the index on Dec. 21. Additionally, Goldman Sachs estimated last week that actively managed mutual funds could buy another $8 billion of Tesla shares after it is added.

Tesla has become by far the world's most valuable automaker, despite production that is a fraction of Toyota Motor Corp, Volkswagen or General Motors Co.

Shares of other electric vehicle (EV) makers have also rallied in recent months as President-elect Joe Biden made boosting EVs a top priority during his campaign.

Chinese electric carmaker Nio Inc fell 4.9% on Tuesday, trimming its gain in November to 72%.

"One of the core underpinnings of the Biden platform will be around pushing clean energy and zero-emissions vehicles with hopes of accelerating the deployment of electric vehicles and public charging outlets by 2030," Wedbush analyst Daniel Ives wrote in a research note.

(Reporting by Subrat Patnaik in Bengaluru and Noel Randewich in San Francisco; Editing by Tom Brown)

By Subrat Patnaik and Noel Randewich


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. -1.86% 458675 Delayed Quote.3.71%
DJ INDUSTRIAL -1.30% 34265.37 Delayed Quote.-5.70%
GENERAL MOTORS COMPANY -2.51% 53.28 Delayed Quote.-9.13%
NASDAQ 100 -2.75% 14438.399525 Real-time Quote.-11.53%
NASDAQ COMP. -2.72% 13768.921815 Real-time Quote.-11.99%
NIO INC. -6.11% 27.35 Delayed Quote.-13.67%
S&P 500 -1.89% 4397.94 Delayed Quote.-7.73%
TESLA, INC. -5.26% 943.9 Delayed Quote.-10.68%
TOYOTA INDUSTRIES CORPORATION -4.26% 8990 Delayed Quote.-2.18%
TOYOTA MOTOR CORPORATION -2.48% 2284.5 Delayed Quote.8.50%
VOLKSWAGEN AG -1.63% 187.62 Delayed Quote.5.71%
All news about TESLA, INC.
01/21US Stocks Slump to New 2022 Lows Friday; Nasdaq Down 12% This Month as Netflix Dives
MT
01/21SOCIAL BUZZ : Wallstreetbets Stocks Broadly Slide, Led by Netflix
MT
01/21Wall Street slide deepens after Netflix disappointment
RE
01/21AutoWeb Shares Drop 8% After Thursday 52-Week High
DJ
01/21Today on Wall Street: “Good luck, we’ll all need it!”
01/21Single stock options worth $1.2 trillion set to expire - Options Solutions
RE
01/21Thinking about trading options or stock in Intel Corp, Tesla, Microsoft, Meta Platforms..
PR
01/21BETTER LATE THAN EVER : New Ruling For Electric Vehicle Charging Stations In Turkey
AQ
01/21SOCIAL BUZZ : WallStreetbets Stocks Mostly Lower; Netflix Slumps, Peloton Recovers Premark..
MT
01/21INSIDER SELL : Tesla
MT
More news
Analyst Recommendations on TESLA, INC.
More recommendations
Financials (USD)
Sales 2021 52 654 M - -
Net income 2021 5 328 M - -
Net cash 2021 10 366 M - -
P/E ratio 2021 200x
Yield 2021 -
Capitalization 950 B 950 B -
EV / Sales 2021 17,8x
EV / Sales 2022 12,2x
Nbr of Employees 70 757
Free-Float 80,1%
Chart TESLA, INC.
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 943,90 $
Average target price 947,31 $
Spread / Average Target 0,36%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TESLA, INC.-10.68%949 959
NIO INC.-13.67%43 502
XPENG INC.-16.93%35 805
LI AUTO INC.-13.08%28 351
FISKER INC.-23.59%3 567
NIKOLA CORPORATION-26.04%2 952