Tesla’s valuation is speeding into ludicrous mode on expectations that are not realistic, writes AntonyMCurrie.
Shares in Tesla hit a new high on Jan. 8, reaching $497 at 2:11 p.m. ET. That values the electric-car maker at $89 billion, higher than all automotive manufacturers except Volkswagen and Toyota Motor.
On Jan. 3 Tesla announced that it delivered 112,000 vehicles in the final three months of 2019. That took its total for the year to 367,000, just beating the lower end of Chief Executive Elon Musk’s target range of 360,000 to 400,000 vehicles.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German carmakers eye Brandenburg after Tesla expansion pushThe German state of Brandenburg has received a flurry of inquiries from German c...
Read more »
Elon Musk says will design a future Tesla car in China for global marketTesla CEO Elon Musk said the company will open a design and engineering center in China.
Read more »
Tesla starts work on Model Y program at Shanghai factoryU.S. electric vehicle maker Tesla Inc on Tuesday officially started work on a Mo...
Read more »
Tesla delivers first Chinese-made Model 3 to customersTesla has delivered its first Chinese-made cars to customers and chief executive Elon Musk says the electric car brand plans to set up a design center in China
Read more »
Tesla bear is forced to hike price target after rally, but still expects a 25% dropCredit Suisse significantly raised its price target for Tesla shares but the new expectation still represents a drop from current levels.
Read more »
Elon Musk says Tesla will export China-made vehicles amid trade war - Business InsiderElon Musk says Tesla will export cars from its new China factory and that could help it avoid further trade war pain
Read more »