This tuesaday morning Tesla stock saw an increase of 15% and its price reached a new record. Now you by a share for 900$ after the billionaire shareholder Ron Baron said that the company could easily top 1$ Trillion in revenue in less a decade.
Tuesday’s jump hit as much as 20% – a day after Tesla climbed 19.9%, which had been its biggest one-day gain in six years. Tesla’s stock roared after Argus Research raised its price target to a new Wall Street high of $808 a share. But even Argus’ price target is below where the stock opened on Tuesday.
Tesla (TSLA) stock jumped 15%, hitting a record high of 895.65, during morning action on the stock market today. On Monday, Tesla stock surged 20%. Tesla is up more than 244% since Oct. 23, the day before it jumped more than 17% on third-quarter earnings that showed an unexpected profit.
No investor is selling Tesla stocks right now
Baron, whose investment firm reportedly holds nearly 1.63 million Tesla shares, said Baron Capital is not selling Tesla stock. He said the recent run is “just the beginning” and that Tesla could be one of the largest companies in the whole world.”
Tesla last week reported 2019 revenue of $24.6 billion in 2019. For its fourth quarter, the company reported adjusted earnings of $2.14 per share, on revenue of $7.38 billion. Wall Street expected Tesla to report adjusted earnings of $1.65 on revenue of $6.45 billion.