首页 News 正文

Tesla surges 39% in 4 days, Musk's wealth surges $70 billion, Wall Street continues to be bullish

以神的名义屑
1201 0 0

Musk's "investment" has paid off, with his net worth skyrocketing by $70 billion (approximately RMB 506 billion) in four days.
As of the close of the US stock market on November 11th, Tesla's stock price has once again shown a strong upward trend, rising nearly 9% and closing at $350; The market value increased by $92.3 billion overnight, leading to the company's total market value successfully breaking through $1.12 trillion.
The recent rise in stock prices is a continuation of the post election rally in the United States.
On the early morning of November 6th local time, Republican presidential candidate Trump announced his victory in the 2024 presidential election. Tesla's stock price skyrocketed due to CEO Elon Musk's full support for Trump. In the four trading days since the election, Tesla's stock price has surged by about 39%. Meanwhile, this has also pushed Musk's personal wealth to a new milestone.
Musk's business empire may benefit collectively
The potential impact on Tesla is of great concern to investors. Trump has always been seen as unfriendly to clean energy, and he has also stated that he will not force all vehicles in California to use electric cars within ten years, with Tesla being one of the representatives. Many industry experts believe that Trump will terminate the subsidy program for electric vehicles. However, Musk doesn't seem to be worried about this. He posted on X in July, saying, "Cancelling subsidies will only benefit Tesla
It is worth noting that apart from the uncertain factor of electric vehicle subsidies, Wall Street believes that Musk's business empire will benefit greatly from the new government.
Musk's companies are generally high-tech enterprises in cutting-edge fields, and he has long sought to reduce regulation to eliminate obstacles to the development of his vast business empire. His businesses include Tesla, social media X, as well as American space exploration technology company SpaceX, artificial intelligence startup xAI, brain computer interface company Neuralink, and tunneling company Boring Co.
Analysts expect that Musk may sign new contracts worth billions of dollars with the government, not including the $19 billion contract that his SpaceX company has already secured.
In addition, these companies are currently involved in a series of investigations and lawsuits by federal agencies, involving alleged violations of securities laws, workplace safety, labor and civil rights, violations of federal environmental laws, consumer fraud, and vehicle safety deficiencies. Some or even all of the 19 federal lawsuits and investigations against his company that have been disclosed so far may come to an end.
Renowned technology analyst and executive partner of Deepwater Asset Management, Gene Munster, has long been bullish on Tesla. In an interview with foreign media last week, he said, "Musk now has the ability to turn a stone into gold and is very good at listening." Munster believes that in addition to Tesla, SpaceX is also a "clear beneficiary" of Trump's presidency, and as the new government considers enacting artificial intelligence regulations, xAI may also receive returns.
Wall Street raises target prices one after another, Musk's net worth skyrockets
In the eyes of analysts, Musk has made a strategic big bet on Trump's entry into the White House, which Tesla bulls call a 'once-in-a-lifetime bet'. Driven by positive news, Wall Street analysts have raised Tesla's target price.
Dan Ives, an analyst at Wedbush Securities, reiterated his rating of Tesla's stock as "outperforming the market" and raised its target price from $300 to $400.
Ives values Tesla's artificial intelligence and autonomous driving segments at approximately $1 trillion, and he predicts that Tesla will surpass the $2 trillion market value threshold within the next 12 to 18 months. Ives said that he fully believed that under the leadership of the Trump government, the federal regulatory difficulties faced by Musk and his team in the field of fully autonomous vehicle in the past few years would be greatly alleviated.
The Bank of America report stated that it is difficult to determine what benefits Musk's increasingly close public relations with Trump will bring to Tesla, but this requires close monitoring. They raised Tesla's target price from $265 to $350.
Furthermore, based solely on personal wealth, Musk's investments have already paid off.
According to Bloomberg Billionaires Index data, Musk's net worth has also skyrocketed to $335 billion (approximately RMB 242 trillion), leading second ranked Bezos by about $107 billion. Compared to the beginning of the year, its wealth value has surged by $105 billion.
According to CNBC, Musk spent $44 billion to acquire the social media platform Twitter (now X platform) and at least $130 million to help Trump win the presidency. Since Trump's election victory, Tesla's stock price has soared, and Musk's wealth has increased by $70 billion, already surpassing the two aforementioned huge sums.
In the third quarter of this year, Tesla achieved a revenue of 25.182 billion US dollars, a year-on-year increase of 8%; Net profit was 2.167 billion US dollars, a year-on-year increase of 17%; The gross profit margin increased to 19.8%, a year-on-year increase of about 2 percentage points. Its net profit and gross profit margin levels far exceeded market expectations. During the earnings call, Musk also released very optimistic expectations. He predicts that unless there are significant negative events, car sales will increase by 20% to 30% by 2025.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   11月19日消息,三菱日联金融集团董事长Kanetsugu Mike表示,到2026年3月日本央行可能将政策利率提高至1%的“中性利率”水平。他表示,这是三菱日联金融集团的内部观点。(彭博) ...
    sam128
    3 天前
    支持
    反对
    回复
    收藏
  •   知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
    caffycat
    1 小时前
    支持
    反对
    回复
    收藏
  •   每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
    star8699
    前天 19:48
    支持
    反对
    回复
    收藏
  •   上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
    goodfriendboy
    前天 20:09
    支持
    反对
    回复
    收藏
以神的名义屑 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    2