TU-TESL

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According to Reuters, the share price hit a new high on December 20 local time, with the highest price of $413 on that day, only 7 dollars from the $420 privatization price proposed last year. On December 20 local time, Tesla closed at $405.59. Tesla's share price topped $400 for the first time last week, after hitting a low level in June. On December 19, Tesla shares traded at $406.85 and closed at $404, compared with a June low of $178.97. According to Tesla's third quarter results released in October, the company's net profit attributable to ordinary shareholders of the company in the last quarter was $143 million, adjusted earnings per share was $1.86, achieving a profit. In addition, Tesla's Shanghai plant has started trial production and plans to start delivery in January next year, as well as the launch of the Cybertruck pickup, all of which contributed to the rise in share prices. (photo source: Tesla. Com) Tesla's share price has risen about 40% since its third quarter results. At present, Tesla's market value is about $74 billion, about $20 billion more than general motors, the largest automaker in the United States, nearly twice the market value of the car. On August 7, Elon Musk, Tesla's chief executive, tweeted that "consideration is being given to delisting Tesla for $420 a share and funds have been obtained." At $420 a share, Tesla's market value will be around $71 billion. On August 24 of the same year, musk and the board of directors agreed to abandon privatization, saying that keeping Tesla listed is a better way forward. In the end, it ended with a $20 million fine from the securities and Exchange Commission for musk and Tesla, respectively. Wall Street analysts still disagree with Tesla's continued gains. Among them, 13 securities companies recommended "sell" or lower, 11 were rated "buy" or higher, and 9 gave "hold".