the global investor
The remaking of Elusive Elon Musk
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s you may already know, Tesla’s stock prices have gone through the roof in recent months. This has come as a shock to many who wrote off Elon Musk and his now-thriving company after their rocky start to 2019. There were concerns surrounding demand and profitability, as Tesla posted losses of around $1 billion in early 2019, however their stock managed to bounce back by the end of the year. Not only did it bounce back, it skyrocketed. Share prices reached all time highs, and the company reported profits in the final two quarters. Tesla hit another big milestone when it became the first US automaker to reach a market cap of $100 billion
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in early 2020. This number has only increased since then, and means that Tesla is nearly double the size of General Motors and Ford combined, with only Toyota ahead of them. But how did we get here? How did Elon Musk, the company’s CEO and biggest shareholder with a net worth of just under $40 billion, push Tesla out of the darkness and back into the shining light of success? Let’s take a look at some of the recent moves made by Elon and Tesla to figure it out.
the past, and more ambition than competitors and peers as reasons for this. He says Musk’s company poses a very real threat to others who are not able and/or willing to innovate at a pace that matches that of Tesla.
Oppenheimer analyst Colin Rusch’s target price on Tesla went from $385 to $612, which is an almost 60% increase. Rusch cited Tesla’s risk tolerance, implementation of lessons from errors in
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