Tesla's stock price recorded “the highest in its history”
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On December 19, 2019, Tesla's share price reached $ 406.83 (about 44,484 yen), surpassing the highest price of $ 389 at the end of September 2017. This rise in stock prices marked Tesla's market increase of $ 72.8 billion.
Tesla stock reaches all-time high
https://www.cnbc.com/2019/12/18/tesla-stock-reaches-52-week-high.html
Tesla stock is at a record but a crash may be right around the bend
How Tesla proved the haters wrong | Ars Technica
https://arstechnica.com/cars/2019/12/tesla-stock-just-hit-a-new-record-of-400-heres-one-reason-why/
The biggest factor that turned Tesla's share price up is considered to be “turning profits in the third quarter”. Elon Musk CEO announced on October 23, 2019, that the net profit for the third quarter was $ 143 million (about 15.6 billion yen). In addition, the delivery date of the electric compact SUV “ Model Y ”, which is scheduled to be sold within 2020, will be several months earlier, and the new Tesla plant “Gigafactory 3” newly established in Shanghai will start trial production. Also touched.
Tesla shares up 21%, announced new plant and new model plans ahead of schedule-Bloomberg
https://www.bloomberg.co.jp/news/articles/2019-10-23/PZUJPN6K50XT01
CNBC analyzes that the establishment of a new factory in Shanghai will exempt China's “purchase tax”, which will increase demand in China, an important growth market for Tesla. Bloomberg reports that Tesla is considering reducing the price of the Model 3 produced at the Shanghai plant by 20% because it can cut labor costs and import duties on parts.
On the other hand, Tesla still has challenges. Tesla, which ships not only Model Y but also electric truck “ Semi ” and electric pickup truck “ Cybertruck ” within 2020, has manufactured and sold only three models, Model S , Model X and Model 3, in the past 10 years. Is not ... Since Tesla caused a large-scale production delay in Model 3, `` For companies that have manufactured only three types of vehicles in the past 10 years, it is realistic to start selling three types of vehicles in one year It ’s not. ”
Yahoo Finance has cautioned by saying, “Tesla shares are overpurchased.”
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