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Tesla shares increased up to $ 400

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Tesla shares increased up to $ 400
December 20
09:00 2019

Shares of the electric car manufacturer Tesla have risen to $ 400 per unit. This is twice as much as the minimum of June.

During the session on Thursday, the stock quotes of the famous innovative company rose to $ 406.8. At the session closure, they cost $ 404.

Shares of the company show great volatility. So, in July they lost 14% after the publication of the loss report. In October, they rose 18% after news of quarterly earnings.

Despite the rising cost of securities, many still doubt about Tesla’s potential profitability. There are questions regarding the possibilities of increasing production and the needs of the company.

Many experts attribute the growth of papers to the opening of the Tesla plant in Shanghai. Investors really count on the Asian market and Gigafactory 3.

In general, the company’s securities increased 21% in 2019. The growth is good, but it is worthwhile to understand that this indicator is below the general market level. For example, over past year, the S&P index increased 28%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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