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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/25 05:29:41 pm
1026.59 USD   +12.85%
05:53pStocks gain as upbeat Wall St earnings lift outlook
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05:23pTESLA : market value tops $1T after Hertz orders 100K cars
AQ
05:20pTech Advances Ahead of Earnings -- Tech Roundup
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tesla market value crosses $500 billion in meteoric rally

11/25/2020 | 02:52am EDT
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


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 0.16% 436401 Delayed Quote.25.27%
DJ INDUSTRIAL 0.18% 35741.15 Delayed Quote.16.57%
GENERAL MOTORS COMPANY -0.02% 57.76 Delayed Quote.38.74%
NASDAQ 100 1.04% 15514.193783 Real-time Quote.19.14%
NASDAQ COMP. 0.90% 15226.706157 Real-time Quote.17.08%
NIO INC. 6.15% 41.27 Delayed Quote.-20.23%
S&P 500 0.47% 4566.48 Delayed Quote.21.00%
TESLA, INC. 12.66% 1024.86 Delayed Quote.28.91%
TOYOTA INDUSTRIES CORPORATION -0.52% 9510 End-of-day quote.16.12%
TOYOTA MOTOR CORPORATION -1.87% 1946.5 End-of-day quote.22.31%
VOLKSWAGEN AG 4.67% 205.25 Delayed Quote.28.66%
All news about TESLA, INC.
05:53pStocks gain as upbeat Wall St earnings lift outlook
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05:23pTESLA : market value tops $1T after Hertz orders 100K cars
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More news
Analyst Recommendations on TESLA, INC.
More recommendations
Financials (USD)
Sales 2021 50 835 M - -
Net income 2021 4 891 M - -
Net cash 2021 9 579 M - -
P/E ratio 2021 237x
Yield 2021 -
Capitalization 1 015 B 1 015 B -
EV / Sales 2021 19,8x
EV / Sales 2022 14,2x
Nbr of Employees 70 757
Free-Float 81,0%
Chart TESLA, INC.
Duration : Period :
Tesla, Inc. Technical Analysis Chart | TSLA | US88160R1014 | MarketScreener
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 1 024,86 $
Average target price 787,15 $
Spread / Average Target -23,2%
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.28.91%900 597
NIO INC.-20.23%63 710
XPENG INC.0.72%36 917
LI AUTO INC.12.00%32 812
NIKOLA CORPORATION-30.54%4 252
FISKER INC.-5.46%4 101