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Tesla breaks records. The magic barrier is approaching

Tesla breaks records.  The magic barrier is approaching

Tesla stock jumped to a record high on Friday, Bloomberg reports. The electric car maker is close to reaching a trillion-dollar market valuation.

At one point, Tesla shares rose 1.8 percent on Friday, hitting an all-time high of $910.. The company owned by Elon Musk is the sixth largest publicly traded company.

The rising value of Tesla’s stock means it may soon join the elite group of companies worth more than a trillion dollars.. It currently stands at $909 billion. The product is on the heels of, among other things, Facebook, which has recently depreciated, among other things as a result of the global failure of the popular social networking site.

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As Bloomberg notes, Tesla’s value increased by as much as 28% in 2021. Where does this investor optimism come from? This includes the quarterly results feature. Already in June, the American manufacturer showed that, compared to the competition, it is doing well in the market at a time of the crisis caused by the shortage of semiconductors.


The third-quarter data, which was higher than expected, was particularly impressive. “While Tesla has certainly been affected by the semiconductor shortage crisis, we can see many reasons why the negative effects are less felt than other manufacturers,” Credit Suisse analyst Dan Levy wrote in the note, citing Bloomberg.

The increased value is also due to increased sales of electric vehicles around the world. Despite the emergence of new players in the market, the 3 and Y models are unparalleled in popularity.

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