The last one year has been a volatile one for the stock markets. First, the US-China trade war and then Corana virus pandemic saw a tremendous decline in global stock markets. After this, the market was cautious with the announcements of the relief package made by various countries, as the years passed, many stock markets reached record highs. For the stock market investors, last year there have been many stocks that have made investors rich. One of these is Tesla’s stock.
Elon Musk’s electric car company Tesla’s stock price rose significantly in the year 2020. The share prices rose nearly 700 percent last year. Because of this Tesla also became one of the most valuable company in the world.
Those who invested in Tesla’s shares last year became rich. These investors are so happy with this profit that they have started calling themselves Teslaniers instead of Millionaires or Billionaires. Tesla entered the US largest stock index S&P-500 in December last year. In December, it became one of the top-10 companies in the index due to a surge in Tesla’s shares.
Talking about Tesla’s share price, in June 2010 Tesla shares came on the market at a price of $ 17 per share. At the same time, the company’s stock price has exceeded $ 650 last week. In this way, the company’s share price has exceeded the combined price of General Motors, Fiat Chrysler Automobiles, Ford and Toyota. Investors who had bought its shares in the beginning have been very profitable.
A major reason for the increase in the price of Tesla shares is also the increase in demand in China. At the same time, many experts say that Tesla shares are being over-rated according to traditional parameters and are predicting a major correction in its price.
