News
Tesla’s market cap is expected to reach $10 trillion: Report
According to the latest report, analyst Pierre Ferragu said that Tesla’s current demand far exceeds expectations after visiting Tesla’s Berlin Gigafactory. Recently, Tesla decided to raise the price of some of its electric vehicles, but market demand does not seem to be affected by the price increase. Tesla said demand for electric vehicles has soared in other parts of the world during this period, particularly the United States.
JOIN XIAOMI ON TELEGRAM
“Tesla is facing unprecedented demand,” Ferragu said in a note to clients. “Everyone agrees that Tesla’s current demand is far greater than expected a few years ago. Electric vehicles are so popular, it’s hard for Tesla.” For Lara and its competitors, market share will largely depend on the ability to increase production capacity.”
After visiting the Berlin factory, Ferragu also expressed that he was impressed by the high efficiency of Tesla’s Berlin Gigafactory, which is significantly more efficient than the Fremont factory.
Tesla shares are currently worth about $275. But with demand at an all-time high, Ferragu made a bold prediction, putting a $530 price target on Tesla. In addition to the stock value, he also said that in the long run, by 2030, if Tesla achieves its goal of producing 20 million electric vehicles per year, the market value is expected to reach 10 trillion US dollars.