On Monday local time, Tesla’s stock price reached a historic high, with an opening price of over $600 per share. As of the close, the increase was about 7.13%, setting a new record for the closing price and pushing the market capitalization over $600 billion. Previously, the EV Sales Blog data showed that in the global car sales rankings for October, the Model 3 ranked first, with Model Y’s sales surpassing ID.3.
After the announcement of its imminent inclusion in the S&P 500 index, Tesla’s market value soared. Morgan Stanley analysts warned that after many companies were included in the S&P 500, their stock prices often fell after a sharp rise. According to this logic, Tesla’s stock price may also fluctuate after December 18. Nevertheless, this year Tesla’s shorts have lost about $35 billion, higher than the total loss for the first nine months of the US airline industry.
🔗Source:Teslarati
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.