Photo: @JayinShanghai
As Tesla skyrockets past the milestones of its bears, recently reaching a $1 trillion USD market capitalization, some think the company has significantly more gas in its tank for the years to come.
Some have posited Tesla could someday reach a market capitalization of $3 trillion USD, according to Yahoo Finance. While it may be a bit of a reach, according to Yahoo’s Javier E. David, it’s also not entirely out of the question – especially with most of the company’s short-sellers quelled in Tesla’s recent bull run.
Tesla-Hertz Deal is a ‘Win-Win’ for Both Companies, Says Hedge Fund Manager https://t.co/7z7KbbK5Fb
— TeslaNorth.com (@RealTeslaNorth) October 27, 2021
Recently, some analysts predicted Tesla’s stock to hit four digits going into 2022, and with the stock having reached that goal a few months early, following the recent 100,000 Tesla Model 3 Hertz deal.
Morgan Stanley analysts wrote, “The Tesla you see today is the product of pre-COVID, sub $100 billion Tesla.”
The note continues, “The Tesla you’ll likely see over the next 12 to 18 months would demonstrate the capabilities of the Trillion dollar Tesla: emphasizing step-changes in manufacturing, cost reduction… expansion in capacity, model lineup and services offerings,” the bank said, adding that the company “has been the world’s most valuable carmaker for some time.”
Though a $3 trillion USD market capitalization for Tesla may not be the most likely, David says we should “never say never,” especially amidst a burgeoning electric vehicle (EV) market that most consumers are just beginning to take advantage of.
