Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
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In New York trading overnight, shares in the electric car company rose 3.7 per cent to $US1119.63, giving it a market capitalisation of $US207.7 billion ($298 billion).profits?? who cares..
Market cap for Toyota is $US202.5 billion. For perspective, BHP's market cap is $US115.7 billion.
Our $US1000 price target represents 50x the long-term FY25 EPS [financial year 2025 earnings per share] earnings power of $US20, an analyst said in an overnight note. Key to this optimism is demand for Tesla vehicles in China, and rebounding deliveries in the US, in the past few weeks. However, the surge in COVID-19 cases could soon check sales yet again in the US.