Tesla Hits Another All-Time High, Valuation Nears Facebook

Tesla’s stock price continues to rally, and on Wednesday during intra-day trading, it touched a new all-time high of $774 per share.

Tesla’s market cap currently stands at $725 billion, and is approaching the valuation of Facebook and its $754 billion market cap.

With Morgan Stanley raising Tesla’s price target to $810, plus Democrats taking control of the U.S. Senate, the stock has again surged, up 4.33% as of writing.

If $AMZN stays where it is, Elon Musk will overtake Jeff Bezos and become the richest person on Earth with $TSLA at $795/share.

— Sawyer Merritt (@SawyerMerritt) January 6, 2021

Tesla CEO Elon Musk is on pace to become the richest person in the world, surpassing Amazon’s Jeff Bezos, should the EV maker’s stock hit $795 per share or so.

Yesterday, it was reported Tesla is seeing some incredible demand in China for its Model Y SUV, which has now sold out for Q1 in less than a week. New orders are seeing delivery windows of sometime in Q2.