Tesla (TSLA) hits new all-time high, surpasses $ 900 billion in valuation – .

Tesla (TSLA) hits new all-time high, surpasses $ 900 billion in valuation – .

Tesla (TSLA) stock has hit a new all-time high, surpassing a market cap of $ 900 billion.
Until recently, Tesla was a pure game rare in all-electric vehicles and sustainable energy on the public market.

It attracted many private and institutional investors who bet that the company would be able to achieve volume production of its vehicles.

The bet is paid.

Tesla has gradually increased production of its vehicles, and in the last quarter it took the important milestone of reaching an annual operating rate of 1 million electric cars.

This has helped push Tesla’s stock up over the past few days, and it just hit a new all-time high at $ 907 per share:

In turn, this has pushed the valuation of the automaker to a new record high of $ 908 billion, which is more than half of the auto industry combined.

Of course, most Tesla investors would say the company is not on par with most other automakers.

Tesla is both tackling the problem of tailpipe emissions from electric cars and also trying to supply them with clean energy through its “Tesla Energy” division which installs solar and energy storage.

In recent years, CEO Elon Musk has mostly refrained from commenting on Tesla’s rapidly rising valuation.

If he wanted to, it was usually to agree that he was “too high”.

In an email to employees two years ago, the CEO said “ignore the share price” because he thought it was a distraction.

However, he didn’t follow his own advice last month.

In another email to employees obtained by Electrek, Musk said Tesla (TSLA) is worth $ 3,000 a share “if they perform really well.”

This stock price target is for 2025 and it was introduced by Ark Invest, a fund that recently sold a large portion of its Tesla shares.

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