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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Delayed Quote. Delayed Nasdaq - 01/20 04:00:00 pm
996.27 USD   +0.06%
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04:11pAutonomy to Offer Tesla Model 3 Subscriptions
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tesla market value crosses $500 billion in meteoric rally

11/24/2020 | 01:32pm EST
Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai

(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


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. -1.28% 467390 Delayed Quote.5.05%
DJ INDUSTRIAL -0.89% 34715.39 Delayed Quote.-3.60%
GENERAL MOTORS COMPANY -2.83% 54.65 Delayed Quote.-6.79%
NASDAQ 100 -1.34% 14846.456383 Real-time Quote.-7.80%
NASDAQ COMP. -1.30% 14154.020372 Real-time Quote.-8.34%
NIO INC. 1.75% 29.13 Delayed Quote.-8.05%
S&P 500 -1.10% 4482.73 Delayed Quote.-4.90%
TESLA, INC. 0.06% 996.27 Delayed Quote.-5.73%
TOYOTA INDUSTRIES CORPORATION -4.37% 8980 Delayed Quote.1.96%
TOYOTA MOTOR CORPORATION -2.37% 2287 Delayed Quote.9.38%
VOLKSWAGEN AG -0.51% 190.72 Delayed Quote.7.46%
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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 211x
Yield 2021 -
Capitalization 1 003 B 1 003 B -
EV / Sales 2021 18,8x
EV / Sales 2022 12,9x
Nbr of Employees 70 757
Free-Float 80,1%
Chart TESLA, INC.
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
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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 996,27 $
Average target price 947,31 $
Spread / Average Target -4,91%
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.-5.78%1 002 041
NIO INC.-9.63%45 538
XPENG INC.-12.97%37 509
LI AUTO INC.-8.85%29 733
FISKER INC.-14.62%3 985
ARRIVAL-21.97%3 808