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Tesla (TSLA) hits record highs with valuations exceeding $ 900 billion

Tesla shares (TSLA) set a new record high with a market capitalization of over $ 900 billion.

Until a little more recently, Tesla was a rare and pure play of all-electric vehicles and sustainable energy in the public market.

It attracted many individual and institutional investors who bet that the company would be able to achieve mass production of its car.

The bet was rewarded.

Tesla gradually increased vehicle production, reaching an important milestone in the previous quarter The annual running speed of electric vehicles is 1 million.

This has helped boost Tesla’s share price in the last few days and has now hit a record high of $ 907 per share.

As a result, automakers’ valuations have been pushed to a new record of $ 908 billion. That’s almost half of the entire automotive industry.

Of course, most Tesla investors will argue that the company is not comparable to most other car makers.

Tesla is not only addressing the issue of emissions in the tail pipes of electric vehicles, but is also trying to fuel them with clean energy through the “Tesla Energy” sector, which installs solar and energy storage.

In recent years, CEO Elon Musk has largely avoided commenting on Tesla’s rapidly growing reputation.

If so, it was generally to agree that it was “too expensive”.

In an email to an employee two years ago, the CEO said:Ignore stock prices, “Because he believed it was distracting.

But he didn’t follow his own advice last month.

In another email to the employee obtained by Electrek, Musk said Tesla (TSLA) is worth $ 3,000 per share “if it works very well.”

This stock price target is for 2025 and was recently introduced by Ark Invest, a fund that has sold many of Tesla’s shares.

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https://electrek.co/2021/10/22/tesla-tsla-reaches-new-all-time-high-900-billion-valuation/ Tesla (TSLA) hits record highs with valuations exceeding $ 900 billion

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