why is tesla stock so high october 2021

The electric power train provides unmatched responsiveness. Much of this gain has come since the company reported third-quarter revenue and.

Tesla Stock Price Extends Rally With Gain Approaching 50 From Low In May Bloomberg

October 30 2021 at 700 am.

. While part of this positioning is based on some fundamental software technologies that are propelling Teslas worldwide I would surmise that at least part of the positioning is well deliberate positioning. In many ways Tesla positions itself as more of a software company than a car company. Teslas has soared beyond 800 billion early Jan 2021 making it the fifth most valuable stock on Wall Street.

According to CNBC Tesla reported 1376 billion in revenue 150 million above Refinitiv expectations and about 57 more than the year before. Capturing the stocks momentum for the full month Tesla shares are up more than 40 since the beginning of October. And this is only the beginning of the bursting of the Tesla bubble.

Teslas stock has surged more than 20000 since it went public in 2010. That signifies its now the most high-priced carmaker in the world. Because Tesla is the only car.

Net income of 162 billion was 388 more than. October 22 2021 1018 PM UTC. Since the beginning of February 2021 Teslas stock has lost nearly 15.

But at least one analyst sees better times ahead much. But many Wall Street analysts. Thus offering the electric vehicle producer an estimate of over 208 billion.

Lets be sports and say that Teslas profit margin on the Hertz vehicles is a very high. Thus leaving it with a market worth of 20947bn. Tesla stocks rocket-fueled rise has stalled of late at this writing its in the high 600 range far below the all-time high of 880 that it saw in January.

October 9 2021 103 PM. 10152021 111427 AM GMT. Subsequently Teslas stock traversed the distance to a 1 trillion market cap in less than a year reaching that milestone on Oct.

Teslas market cap has risen from over 830 billion to 570 billion at the time of writing. The stock closed at a record just above 883 on January 26 and has tumbled since. The stock of Tesla TSLA -269 resumed its meteoric rise in late October and shares have soared more than 33 just since Oct.

The searing rally has been driven by production growth EV frenzy and frontman Elon Musk. Tesla stock price reached 1134 previous to falling again. TSLA has surged over 50 in a single month for the first time since October 2020.

Tesla stock predictions for October 2022. If Teslas shares waxed by our required 8 a year its market cap would double to 15 trillion by mid-2030. The growth stock s gain is likely primarily due to.

250 billion dollars of valuation has gone up in smoke. By Joey Klender. The stock rose as much as 111 during the week and was up 106 as of this writing according to data from SP Global Market Intelligence.

The last time it did this was back in. Whats more in his bull-case scenario Ives believes. Lets take a look at what has Tesla stock headed to an all-time high over 900 a share.

I think one of the reasons for Teslas high rating is its positioning. We had nearly given up on our bullish call with Tesla stock. It marks the first time in one year that the.

At a PE of 30 in our scenario it would be. He gave the stock a price target of 950 up from its current value of 875 a share. Posted on November 1 2021.

It fell low as 619 Tuesday the first time Tesla shares have fallen below 700 since December 31. Teslas market cap also stands at about 3x that of Toyota. Tesla shares have slumped in recent weeks losing 26 of their value between a record high in late January and its closing price Friday.

Tesla stock NASDAQ. Stock Advisor returns as of October 20 2021. Tesla stock is headed for an all-time high after a record delivery report for Q3 2021.

Some investors believe Teslas stock flew too high. Tesla TSLA stock fell again on Monday just under 2 and this latest fall puts it in serious jepoardy of losing exclusive membership of the 1. Tesla shares rallied to a record high on Friday taking the electric-vehicle maker another step closer to joining an elite group of companies with market valuations.

Tesla stock price went to a new record value in recent times. At its current price of roughly 840 per share the stock trades at around 155x consensus 2021 earnings and about 165x 2021 revenues.

Tesla Stock Forecast Is Tesla A Good Stock To Buy