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Technology Stocks : Tesla EVs - TSLA
TSLA 597.95-3.8%Mar 5 4:00 PM EST

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From: kidl11/24/2020 8:30:57 AM
   of 16608
 
Tesla valuation nears half a trillion

Driven by another surge in Tesla's (NASDAQ: TSLA) share price, Elon Musk's net worth soared $7.2B to $127.9B on Monday, passing Bill Gates to become the world's second-richest person. Not looking to take any cheap shots at Ford (NYSE: F), but yesterday's market cap gain for Tesla isn't all that far off from the total market cap for the Blue Oval of about $35B. There is plenty of general enthusiasm over the impact of a Biden administration for the EV sector and hopes that EV sales in China will accelerate with the support of Beijing. On the latter note, Wedbush Securities analyst Dan Ives thinks China presents eight to nine times the opportunity for EVs in the near term as sales in the U.S. TSLA +4.6% premarket.
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