A Tesla Model Y is displayed in a showroom at the Miami Design District in Miami, Florida. The company's valuation hovers around $1.02-trillion .Tesla Inc has joined the trillion-dollar-valuation club as the member with the lowest revenue.
in market value on Monday. That helped further bolster sentiment among investors, who are betting on Tesla’s potential for rapid future growth as EVs become mainstream and eventually replace fuel-driven cars. However, Jonas said Morgan Stanley clients also noted the company’s larger addressable market, and an opportunity to dominate the internet-of-cars market as other possible factors built into its valuation.
“Wall Street is starting to believe the skyrocketing move with Tesla’s stock price is nowhere near over since Tesla has a massive lead in the EV space and improving growth potential as the US, European and Asian markets for electric cars grows,” Oanda analyst Edward Moya wrote in a note on Monday.
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