Rationalizing Tesla’s Stock Price

On Monday, June 1, 2020, Tesla Inc. (NASDAQ:TSLA)‘s stock price rose $63.10 to close at $898.10. Given that Tesla has 185.37 million shares outstanding, this jump in price represented an increase in market capitalization of $11.7 billion. To provide perspective, that number equals approximately 50% of Ford’s market capitalization. That leads one to suspect there must […] …read more

Source:: Yahoo Finance

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