Tesla Stock Continues To Grow, For The First Time Exceeds $ 900

Tesla Stock Continues To Grow, For The First Time Exceeds $ 900

On Tuesday, February 4, shares of the American automaker Tesla rose 20% immediately after the opening of trading and exceeded the mark of $ 900 – up to $ 933.

Market capitalization rose to $ 165 billion. Since December, the company’s shares more than doubled in price.

Last week, the growth of quotations triggered the company’s reporting for the fourth quarter. During this period, she received $ 105 million in profit.

On Monday, at the close of trading, the value of the shares was $ 780 (+ 86.5% from the beginning of the year). February 3 they rose by 19.9%. The company’s market capitalization has grown to $ 140 billion. Among the automakers, only the Japanese Toyota is more expensive, with a capitalization of $ 227 billion.

“I just can’t believe these crazy stocks. It’s crazy, ”said Roth Capital analyst Craig Irwin in a CNBC commentary.

Amid growing Tesla shares, the fortune of Ilon Mask, the company’s founder, has grown by $ 4.7 billion over the past day, and by $ 13.5 billion since the beginning of the year, Bloomberg reports. The agency estimates his fortune at $ 41 billion. Musk is ranked 22nd in the ranking of the richest people in the world. He owns about a fifth of the company’s shares.

Earlier it was reported that Musk will receive about $ 346 million if Tesla’s market capitalization for several months is above $ 100 billion. $ 346 million – the first tranche of remuneration totaling $ 2.6 billion.

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