Tesla’s share price exceeded $300 for the first time last Tuesday. The evaluation of this electric vehicle manufacturer is higher than that of Ford Motor. After exceeding General Motors(GM) with a total market price of 50.79 billion dollars, Tesla became the automobile manufacturer with the highest total market price in the United States. Although the sales volume in North America decreased after the record sales, the total market price of Tesla exceeded GM’s 50.79 billion dollars.
Wall Street financiers believe Tesla has huge room for development. Especially in China, this auto manufacturer is supported by Tencent, the largest Internet company in Asia. This huge Chinese technology company recently bought Tesla shares worth 1.8 billion dollars, with 5% ownership.
Tesla’s rise follows the automaker’s record quarterly vehicle deliveries. According to the US Consumer News and Business Channel(CNN), investors need to produce 500000 cars to prove the rationality of the evaluation, so they are skeptical of Tesla’s prospects. However, the global promotion of green energy is still on the rise. As a result, Detroit’s “Big Three” automakers remain stable, and spreadsheets cannot compete with Tesla’s innovative technology setup.
Tesla’s stock price rose for the first time due to the short news on Sunday. In the first quarter, it delivered more than 2000 cars and 25000 cars, more than Goldman Sachs analysts expected.
(Picture from New York Times)
The future is “green”
“This is the direction of the future. All these indicators have no effect. “All these indicators were correct 1-2 years ago, but Tesla has been fighting against the poor” Eddy Elfenbein said in her blog Crossing Wall Street.
“Tesla has consumed a lot of cash. Now, they have one of the largest companies in the world and the most valuable company in China, providing support for them and making them stand on the Chinese market. Tesla is now a good buyer. “; said Elfin Bain.
American automobile manufacturers have recovered well from the economic downturn in 2008 and are now showing a continuous growth trend. Tesla’s share price soared more than 7%, while General Motors and Ford fell 3.4 and 1.7 respectively, which surprised many people. The growth of Big3 mainly comes from the increased demand of consumers for pickup trucks and sport utility vehicles, but General Motors(GM) leads Tesla with a government bankruptcy structure of 49 billion dollars. This makes Tesla’s success after years of bleeding even more impressive. Now Tesla has finally been rewarded, leading the social transformation to the whole train.
I still have something to do.
Tesla’s current market price is about 50 billion dollars, but it is far behind Toyota’s global sales. The company’s sales volume was $177 billion, three times that of Tesla. Fortunately, Tesla and its CEO Elon Musk said that other auto manufacturers, including Fiat Chrysler and Hyundai, also experienced declines.
Investors are optimistic that Tesla’s upcoming Model 3 will be sold at a price of 35000 dollars to further attract middle-class consumers.
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