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The reasons for Tesla's surge on the stock market

2020-02-05T19:58:09.842Z


The specialist in electric cars recorded excellent results at the end of 2019.


Just two years ago, Tesla's charismatic and whimsical boss Elon Musk sent one of his electric cars into space. Now, he defies the laws of stock market gravity. In three months, the Tesla share has more than doubled. On Tuesday, the title peaked at one point in session at almost $ 970, propelling the group's value to more than $ 185 billion. Wednesday at the start of the day, the title fell by some 15% losing a hundred dollars, the equivalent of the market value of Fiat Chrysler.

Read also: Elon Musk, the resurrection of the Phoenix from Silicon Valley

The Californian company's market capitalization is still close to $ 140 billion. Which puts it right behind Toyota, which is worth nearly $ 200 billion on the stock market. But the comparison stops there. "Toyota delivers more than 10 million vehicles each year, compared to 360,000 last year for Tesla," said Vincent Boy, analyst at IG France. For him, "this valuation is totally disconnected from reality" . The group

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Source: lefigaro

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