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Tesla's Share Exceeded The $ 2,000 Threshold!
Tesla's share, one of the few companies that was not affected by the Corona virus epidemic, exceeded the $ 2,000 threshold!
Yazar: Tom Roberts
Yayınlanma: 22 Ağustos 2020 23:46
Güncellenme: 23 Kasım 2024 04:17
Tesla's Share Exceeded The $ 2,000 Threshold!
Tesla's rise in the stock market continues. Tesla's share, one of the few companies that was not affected by the Corona virus epidemic, exceeded the $ 2,000 threshold! According to the news in Reuters, the company's shares have increased 300 percent since the beginning of the year. STOCK SPLIT WILL BE HAPPENIn the statement made by Tesla on August 11, it was stated that the stock will be split and four additional shares will be given per share. Since then, the value of the shares has increased by 45 percent. The total value of the company reached 372 billion dollars. Tesla, which meets all the requirements to enter the S&P 500 index, is now more valuable than all but seven companies here.
PURPOSE TO MAKE SHARES AVAILABLE FOR EMPLOYEES
The company owns one of the highest priced shares per share. In the statement made by Tesla, it was stated that the "division" step will be taken in order to make the shares more accessible for employees and investors. However, according to Refinitiv, Tesla's shares are currently priced at 148 times the expected earnings. The division of shares is not expected to have much effect on this valuation.
EYES ON BATTERY DAY ON SEPTEMBER 22
Tesla will launch its Chinese-made Model Y vehicles at its factory in Shanghai from 2021. Investors also expect important announcements to be made at the long-awaited shareholders meeting on September 22 and ‘Battery Day. Morgan Stanley analysts say that at this meeting the company will reveal new technologies about the battery.
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