Tesla's market cap has increased by more than $500 billion in 2020, and is now worth as much as the combined market cap of the nine largest car companies globally.
Despite the meteoric growth for Tesla's market value this year, many shareholders and fans of Elon Musk believe there's even more upside for the electric vehicle maker heading into 2021. Some Wall Street analysts are issuing warnings on Tesla, however, signaling that shares in the company may be headed for a decline once it is added to the S&P 500 index on December 21, 2020.
A man drives his Tesla car as the Starship SN8 of SpaceX is seen behind, days before a test launch of the company's new super heavy-lift Starship rocket from their facilities in this small town of Boca Chita, Texas, December 4, 2020.market capitalization has increased by more than $500 billion in 2020, and the company is now worth about as much as that of the nine largest car companies globally, despite selling a small fraction of the volume of cars that they do.
Love Tesla, but currently, it is the mother of all over-valuations.
Tulips!
I'm betting on no. I'll literally be betting on it once it is actually in the S&P next week. My bet is a lot of the front runners will be cashing in once the tracker funds are bought in. Major correction coming.
Jim Cramer is the only expert that matters, so I mortgaged my house to buy more $TSLA weekly calls! Literally can't lose money!
Can be seen from stock?
Probably not, but short it at your own peril!
A good way to look at it is as a clean energy ETF. Tesla the car maker is the most mature but not the only branch of the company.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »