Tesla's Market Value Breaks Through The $ 1 Trillion Mark

Nov 12, 2024 Leave a message

 

 

 

          According to foreign media reports, on November 8th, the market value of Tesla ushered in a sharp rise, breaking through the $ trillion mark, because it was expected that the company's enterprise of Elon Musk will come from below. The U.S. government under the rule of President Donald Trump received preferential treatment because Musk provided important support for it during the Trump campaign.

 

        On the same day, Tesla's stock price rose 8.2%to $ 321.22, making the company's market value exceeded the trillion dollars for the first time in the past two years. Last week, Tesla's stock price increased by 29%, and the market value increased by more than $ 230 billion, the best result since January 2023.

 

        CFRA Research high -end stock analyst Garrett Nelson said: "Tesla and his chief executive Elon Musk may be the biggest winner of the results of this election. The company's autonomous driving technology approval process. "

 

        A source revealed that Musk may push the regulatory agency to take favorable measures for Tesla's autonomous vehicle plan and let the National Highway Traffic Safety Administration (NHTSA) suspend the safety of the existing driving assistance system for Tesla Sexual law enforcement operations.

 

         For a long time, Musk has focused on autonomous vehicle technology and abandoned a plan to manufacture more than 30,000 US dollars. However, obstacles in development and supervision have delayed the commercialization process of the technology.

 

        "If Musk can persuade Trump to formulate a federal -level autonomous car regulations at the federal level," said Morningstar Strategyer David Whiston. We believe that this is a good thing for the automobile industry because companies hope to have a unified rule, rather than the state formulation of each state. The respective regulations ""

 

       At the end of October this year, Tesla announced the rise in profit margins in the quarter, and predicts that the delivery volume next year will increase by 20%to 30%, which has promoted a significant increase in the stock price.

 

       For many years, Tesla has been the highest market value car manufacturer in the world. Japanese Toyota and Chinese car companies BYD have far behind the company.

 

       Tesla's stock price is 93.47 times that of its expected income in the next 12 months. In contrast, artificial intelligence chip giants are 38.57 times, Microsoft is 30.77 times, and Ford is 6.29 times.