• 278 days Will The ECB Continue To Hike Rates?
  • 278 days Forbes: Aramco Remains Largest Company In The Middle East
  • 280 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 680 days Could Crypto Overtake Traditional Investment?
  • 684 days Americans Still Quitting Jobs At Record Pace
  • 686 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 689 days Is The Dollar Too Strong?
  • 690 days Big Tech Disappoints Investors on Earnings Calls
  • 691 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 692 days China Is Quietly Trying To Distance Itself From Russia
  • 693 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 697 days Crypto Investors Won Big In 2021
  • 697 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 698 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 700 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 700 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 704 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 704 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 704 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 707 days Are NFTs About To Take Over Gaming?
US Airlines Take Another Blow with War

US Airlines Take Another Blow with War

With air travel down 60%…

Two ETFs That Could Hedge Against Extreme Market Volatility

Two ETFs That Could Hedge Against Extreme Market Volatility

Runaway inflation, Russia’s war, sanctions,…

5 Recession-Resistant Stocks To Add To Your Portfolio

5 Recession-Resistant Stocks To Add To Your Portfolio

There are growing predictions of…

  1. Home
  2. Investing
  3. Stocks

Tesla Stock Continues To Soar

Tesla Stock

In a delightful turn of irony, the relentless short squeeze that has gripped Tesla shares ever since the Fed launched QE4 in October, a squeeze many have compared to the infamous Volkswagen short squeeze of 2008, sent TSLA shares another 5% higher in the process pushing the electric vehicle maker's market cap above $100 billion for the first time ever, $103BN to be precise, rising above the world's largest automaker Volkswagen (at $100BN), bigger than Toyota. It is now also bigger than GM ($50BN) and BMW ($51BN) combined, and is almost 3 times bigger than Ford ($36.5BN).

The record milestone came less than a month after Tesla''s stock crossed the infamous "funding secured" bogey of $420, the fake LBO price tweeted by Musk in 2018 which put got in much trouble for securities fraud, and which cost Musk his position as Tesla Chairman

More importantly, by surpassing a $100BN market cap, a record-breaking $346MM pay package for Elon Musk is now triggered. However, according to the fine print, the $100 billion valuation must stay for both a one-month and six-month average in order to help Musk get the first of 12 tranches of this massive payout.

Putting Tesla's valuation in context, Volkswagen delivered just over 10.8 million vehicles in 2019. By contrast, Tesla deliveres 367,200 cars in 2019, although investors have now bet the farm on the Chinese auto market where Tesla is betting the next leg of its growth will come from.

Last week, Morgan Stanley looked at Tesla's valuation relative to other OEMs and came up with this chart:

Fast forward to today, when the red bar is now about 10% higher.

By Zerohedge.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment