Sales The Tesla Model 3 is crowned as the king of Europe
Tesla shares hit a new Wall Street record today.
The nth.
Their titles have reached 998 dollars spurred by two news.
On the one hand,
Hertz's
announcement of
an order for 100,000 electric vehicles for its rental car fleet
, the largest of its kind in the history of the industry,
and on the other, a Morgan Stanley report
that sets a new target for the shares of the giant led by Elon Musk: 1,200 dollars.
The new injection of capital and investor confidence catapulted Tesla to a new ceiling, that of a
trillion dollars of market capitalization, a select club in which there were only five members
until the inclusion of the worldwide phenomenon of electric vehicles:
Apple, Microsoft, Google, Amazon and Facebook,
although the latter has lost that value in recent weeks.
Elon Musk, founder of Tesla
25.818% revaluation since 2010
Tesla has done it in record time, in the little more than 10 years it has been trading and in its 18 years of existence, faster than previous members of the trillion dollar club.
Today's peak represents a 25.818% revaluation from its first day as a public company, in July 2010.
Hertz,
which was bankrupt four months ago, has not hesitated to join the trend and place a
gigantic order for the Model 3, the most popular of the Californian brand.
The agreement will be around 4.2 billion dollars
to have a fleet of electric cars by the end of 2022 and an important network of charging points for its customers in the United States and Europe.
Tesla Model 3 assembly line in China
The largest order in the US
"Electric vehicles are now part of the mass market, and we have only just begun to see an increase in demand and global interest," said Hertz Acting CEO Mark Fields.
"The new Hertz will lead the way as a mobility company, starting with the largest electric vehicle rental fleet in North America."
Analysts believe the bullish streak will continue.
Morgan Stanley sees the $ 1,200 per share as feasible thanks to its superb performance during the pandemic and what lies ahead now,
with access to more equity and nine consecutive quarters of profit on the books.
Brokers on the New York Stock Exchange
"The Tesla we see today is the product of the
pre-Covid
stage
, below $ 100 billion,"
said Adam Jonas, an analyst at Morgan Stanley.
"The Tesla that we are very likely to see in the next 12 to 18 months will demonstrate
the capabilities of the trillion dollar Tesla,
with an emphasis on manufacturing, cost reduction ... capacity expansion and new model and service offerings."
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