Tesla: share price reaches new record high

Tesla share price high

In recent weeks, Tesla has made negative headlines. Hair-raising quality defects and accidents made the US manufacturer’s electric cars appear in no good light. Shareholders, however, seem to be cool: the stock market value of the company managed by Elon Musk has been rising sharply for months. Only in mid-August 2020 did a stock split provide further impetus. Now the price of the Tesla share has for the first time cracked the magic limit of 2,000 US dollars (about 1,688 euros). As a result, the total value of the company amounts to an impressive 370 billion US dollars (about 312 billion euros). By way of comparison, the stock market value of BMW, Daimler and Volkswagen together stands at 160 billion US dollars.

Tesla on course for success in the future

Tesla thus enjoys an enormous economic advantage over its immediate and significantly more established competitors. According to a media report, experts assume that this will not change. The reason: Elon Musk’s management strategy is particularly clever.

The fact that the billionaire does not rest on one area of car production, but rather opens up the entire value chain for himself and drives it forward with innovations, assuring his company also in the future a top position in the industry. US analysts also predict that Tesla will benefit from the climate plan proposed by US presidential candidate Joe Biden. With 2 trillion US dollars, the Democrat wants to promote the use of electric cars, among other things - Tesla may profit massively from this. Nevertheless, economic experts warn of further investments in the company: The stock market value has now risen so much that a setback is more likely with each passing day.

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