Tesla ranks fifth in market cap, beating Facebook… ‘Jumping’ to 830 billion dollars
Soaring 7.8%, closing at $880… 11 consecutive trading days
(Los Angeles = Yonhap News) Correspondent Jeong Yoon-seop = The market cap of Tesla, an electric car maker in the US, surpassed Facebook and rose to the 5th place in the market value.
Tesla closed the market at 880.02 dollars (960,000 won), up 7.84% (63.98 dollars) from the battlefield in the US New York Stock Market on the 8th (local time).
Tesla’s market cap jumped to $834.1 billion (91.83 trillion won) on the back of a surge in stock prices.
Reuters reported that Tesla was the first to surpass $800 billion in market cap, and that Tesla’s stock price rally continued, surpassing Facebook to become the fifth largest US company in terms of market cap.
Tesla shares rose 11 consecutive trading days until this day.
On the other hand, Facebook closed the market at $267.57 (290,000 won), down 0.44% on that day, and its market capitalization was estimated at $762.1 billion (832 trillion 2132 billion won).
CNBC broadcast reported that Tesla began to pursue the parent company Alphabet, Apple, Microsoft (MS), Amazon and Google after overtaking Facebook.
Apple is currently the number one with a market cap of more than $2 trillion, and the market caps of Microsoft, Amazon, and Alphabet exceed $1 trillion.
Tesla’s market capitalization exceeded $100 billion for the first time among US automakers in January 2019, and reached the $500 billion mark 10 months later.
Tesla achieved a surplus for five consecutive quarters based on the third quarter of last year, and last year set the highest record by delivering 499,000,550 units to customers, which is close to the target of 500,000 units.
Tesla’s share price rose more than 700% last year, and even this year, thanks to the outlook for strong earnings, the stock price has received more momentum.
In addition, the fact that the Democratic Party of the United States took control of both seats in the Georgia Senate runoff was a boon for Tesla’s stock rally at the beginning of the year.
CNBC broadcast said, “President-elect Joe Biden aims to expand electric vehicle charging infrastructure across the United States as part of a clean energy plan and increase renewable energy such as solar power,” said the next administration, which will further improve Tesla’s management conditions. Expected.
Morgan Stanley raised its target price to $810 on the 5th, citing that demand for electric vehicles is increasing and Tesla is setting up new factories in Texas and Germany to expand production.
However, Michael Burri, CEO of Scion Asset, a famous Wall Street investor who has diagnosed Tesla’s stock price as a bubble, warned that Tesla’s stock price will plunge in line with the “Surprime Mortgage” (non-good mortgage loan) crisis following the collapse of the US real estate bubble in 2008.
Burri said, “My last’big short’ (expecting a fall in the stock price and investing) is getting bigger and bigger.”
He is a hedge fund investor who has accurately predicted the surfprime mortgage crisis, which drove the world economy into a crisis, and made a huge investment profit based on this forecast.
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