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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla, Inc.    TSLA

TESLA, INC.

(TSLA)
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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


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 0.05% 350085.01 Delayed Quote.0.81%
DJ INDUSTRIAL -0.41% 30887.89 Delayed Quote.1.28%
GENERAL MOTORS COMPANY -5.71% 52.2483 Delayed Quote.33.05%
NASDAQ 100 0.27% 13424.741188 Delayed Quote.3.71%
NASDAQ COMP. 0.07% 13575.496471 Delayed Quote.5.08%
NIO LIMITED -3.65% 59.3501 Delayed Quote.27.10%
S&P 500 -0.11% 3842.54 Delayed Quote.2.27%
TESLA, INC. 2.41% 867.9645 Delayed Quote.19.98%
THE GOLDMAN SACHS GROUP, INC. -2.95% 280.57 Delayed Quote.9.74%
TOYOTA INDUSTRIES CORPORATION 1.64% 8680 End-of-day quote.5.98%
TOYOTA MOTOR CORPORATION 0.22% 7677 End-of-day quote.-3.52%
VOLKSWAGEN AG -3.90% 158.64 Delayed Quote.8.31%
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Financials (USD)
Sales 2020 30 968 M - -
Net income 2020 1 304 M - -
Net cash 2020 5 301 M - -
P/E ratio 2020 639x
Yield 2020 -
Capitalization 803 B 803 B -
EV / Sales 2020 25,7x
EV / Sales 2021 17,4x
Nbr of Employees 48 016
Free-Float 80,0%
Chart TESLA, INC.
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Tesla, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 37
Average target price 532,94 $
Last Close Price 846,64 $
Spread / Highest target 22,4%
Spread / Average Target -37,1%
Spread / Lowest Target -85,2%
EPS Revisions
Managers and Directors
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TESLA, INC.19.98%802 531
TOYOTA MOTOR CORPORATION-3.73%206 348
VOLKSWAGEN AG8.31%105 915
BYD COMPANY LIMITED25.30%98 005
NIO LIMITED27.10%96 806
GENERAL MOTORS COMPANY33.05%79 294