Tesla’s stock market growth can be described as insolent ! Indeed, the share price rose 743% over the whole of 2020. This growth was accompanied by very good sales on the part of the car manufacturer, with 499,550 vehicles sold, or 36% more than the previous year. The electric giant has no lack of ambition and has plans to market a $25,000 vehicle within 3 years and to produce 20 million vehicles per year by 2030. 

Tesla’s great year is not the only reason we heard about the company. Its inclusion in the prestigious Wall Street index, the S&P 500, on December 21 last year did not go unnoticed because since then the stock has continued to grow. A fact that can be explained because the ETFs that copy the index had to buy Tesla much more in order to replicate it as well as possible.  

3 weeks after its integration into the S&P 500, Tesla continues to reach record levels. On Friday, January 8, the stock closed at an all-time high of $880, much to the delight of its CEO, Elon Musk. The 49-year-old naturalized Canadian businessman has become the world’s richest person with a total fortune of $188.5 billion. Since January 1, 2020, his fortune has increased by $160 billion, allowing him to surpass Jeff Bezos, founder of Amazon, to find himself on the 2nd step of the podium with $187 billion ahead of Bill Gates.

To conclude, the year 2020 has been more than profitable for the car manufacturer, its progress has left no one indifferent but a question on the minds of investors: is the Tesla share overvalued?!

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