Tesla stock speculated to be a part of S&P 500

Tesla on its way to being a part of the S&P 500, stock price shooting up every day!

Tesla becomes the most valuable maker in the world surpassing Toyota with roughly $6 billion. Tesla share price surged to a record-high of $1,100 with the market cap being $209 billion.


Tesla – A Short Journey

Tesla – Indeed the most controvesial stock on Wall Street.

Elon Musk had sketched a memo in 2006 for the coming years. As per the plan, in 2008 1st Generation – Roadster was launched (A luxury sports car) for revenue generation. The collected revenue was put up in the manufacturing of 2nd Generation Model S and Model X (An economical luxury sedan) in the year 2012 and 2015 respectively. The further collected earnings were then used for the production of 3rd Generation Model 3 in 2017 (An electric car for masses)

Booking up to 325000 was done within a week in March 2016 marking it the biggest one-week product launch. As soon as the production started problems related to manufacturing had to be dealt with and for the Company to come to break-even at least 5,000 units of Model 3 had to be produced within 7 days. The Company had reached a point where bankruptcy was not blurred anymore. Musk was ready to stake the Company and he even halted the production for making repairs for a week.

Even in such gloomy times for the Company, the valuation was shooting, this made it clear that people had full faith in the man. On the other hand, some investors who were in speculation of the Company moving towards failure started to short the stocks.

The positive response for the company was that between the manufacturing and the delivery of the first batch, the market value had doubled.

Even after facing so many issues, Tesla within 12 months announced $312 million as their quarterly profit, and by the year 2018, 146000 units of the 3rd Generation Model 3 were sold already.

As per reports the units of electric cars delivered in 2019 were 367500 along with the of 2 new vehicles that were launched and a new facility was set up in Shanghai.

This year the new Y Model of the car has been launched even before the scheduled date. The Coronavirus pandemic has affected most of the businesses around the world including the shutting of the factories but even then Tesla has managed to sell almost 91000 units.

In May, Musk himself had tweeted “Tesla stock price is too high imo”. This month again he had tweeted “Wow”.

Current rising of the stock…

As remarked by Professor A. Damodaran at the Stern School of Business at NYU Tesla stocks are driven by intangibles. The investment in the Company is on a sentiment basis and at present, the bulls are winning the bears. The bulls have speculated the share price to touch as high as $7000. If the Company keeps up the performance it would surely be a part of the S&P 500 which might again give the stock a temporary boost.


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