Another day, another reason to talk about Tesla?
The stock continues to brave gravity on Wednesday, after a strong close Tuesday saw Tesla ride to $ 1,891.86, making Tesla CEO Elon Musk the fourth richest man in the world, although still Jeff Bezos, Bill Gates and Mark Zuckerberg pursue. Musk’s ownership of Tesla stock saw a roughly $ 7.8 billion increase to Musk’s net worth, now at $ 84.8 billion.
Tesla stock has increased more than 340% year-on-year. In addition to the strong investor sentiment surrounding Tesla’s planned 5-for-1 action split, the company has received a series of analyst upgrades that have helped support the stock higher.
Most recently, Wedbush Securities analyst Daniel Ives raised his one-year price target on the electric car and battery maker, citing what he sees as continued demand for Tesla cars in China. Ives notes that the Model 3 remains Tesla’s “linchpin of success”.
The Maur Maurer of Tesla Daily described the bull case for Tesla to Northwestern students, and also said the importance of the Model 3 and said the reason for being Bullish is very simple. “Transportation generally goes to electric cars and autonomously,” Maurer said.
Although Jim Cramer is not always a fan, he has not been quiet about his enthusiasm for the past few years.
However, he wishes that the recent run of supplies would slow down a bit, although he would be the first to say, “you can not provide supplies with fast tickets.”
Agree with Cramer’s takeover of Tesla? Tell us in the comments below.
