why is tesla stock so high october 2021

Tesla had a remarkable 2020 as its stock price soared by almost 8x from levels of around 90 at the beginning of the year to over 700 currently. Subtract 21 percent for federal income tax and you end up with an after-tax profit in the 930 million range.

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October 9 2021 103 PM.

. Tesla stock predictions for October 2022. TSLA was valued at 117 billion by the stock market. The so called giant car.

This means that the 115 billion increase in Teslas stock market. The growth stock s gain is. Tesla just delivered expectations beating growth for its third quarter.

At its current price of roughly 840 per share the stock trades at around 155x. The third reason Jennewine along with many others believes that TSLA stock will continue to soar is the companys lead in artificial intelligence and self-driving technology. EDT the stock was up by about 78.

Published December 02 2021 In January 2020 Tesla Inc. Shares of electric car and green energy company Tesla TSLA -692 soared on Tuesday. According to CNBC Tesla reported 1376 billion in revenue 150 million above Refinitiv expectations and about 57 more.

What happened Shares of electric-car maker Tesla NASDAQ. The growth stock s gain came was likely due to. Overall while growth is expected to remain strong we still think Tesla stock is expensive.

Much of this gain has come since the company reported third-quarter revenue and. The electric-car makers stock climbed as much as 2 at one point during the trading day. The forecast for beginning of October 612.

Elon Musk Revealed a Surprise Profit in Third Quarter. The automaker is piloting a program to let owners of other manufacturers electric vehicles recharge them at some. By the end of the year that figure had skyrocketed to 65839.

Tesla stocks rocket-fueled rise has stalled of lateat this writing its in the high 600 range far below the all-time. Capturing the stocks momentum for the full month Tesla shares are up more than 40 since the beginning of October. Averaged Tesla stock price for month 629.

Because Tesla is the embodiment of the future of the car industry. 21 raising the firms price target on it from 516 per share to 788 per share and maintaining its. Subsequently Teslas stock traversed the distance to a 1 trillion market cap in less than a year reaching that milestone on Oct.

The stock was likely trading. Shares of Tesla TSLA fell 6 Tuesday after closing down 85 Monday wiping out its gains for the year. I already answered a similar question and i have copied that answer for you.

Price at the end 950. On Tuesday the stock kept going. Tesla rose up to 23to a new high of around 960 per share before paring back gains somewhat and ending the day at 887 per share.

Although a good deal of the run. JMP Securities analyst Joseph Osha published a note on the stock on Dec. TSLA moved higher on Friday climbing more than 3.

Overall while growth is expected to remain strong we still think Tesla stock is expensive. Currently Tesla is expected to report earnings of 56 per share this year and 737 per share in the next year so the stock is trading at 121 forward PE. Shares of Tesla are up by about 50 since Oct.

The stock rose as much as 111 during the week and was up 106 as of this writing according to data from SP Global Market Intelligence. The stock closed at a record just above 883 on January 26 and has. Trading at over 843 at market close the stock is only 6.

Answer 1 of 5. Maximum value 672 while minimum 596. Tesla has soared in recent weeks after beginning the month of October trading below 800 per share.

Based on Fridays finish the stock was up 2867 since its close of. Posted on EVANNEX on July 01 2021 by Charles Morris. Tesla has definitely respected this rule.

At its current price of roughly 840 per share the stock trades at around 155x. Tesla posted a surprise profit in the third quarter of 2019 and that has. As of 342 pm.

Shares of Tesla TSLA -032 edged higher on Monday.

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