Tesla electric car company reached an all-time high, after rising by 6% during Monday's trading, to jump American billionaire Elon Musk to second place on the list of the world's richest.
According to Arabiya Net, the data indicate that Musk, who works in the technology sector and the automobile industry, has made about $ 8 billion in recent days, making him the only businessman. In the world, who was able to add this number to his wealth during the past hours, bringing his total wealth to about 128 billion dollars, to occupy with this number the second place in the list of the world's richest people after Jeff Bezos, whose wealth is 182 billion dollars.
According to Market Watch, Wedbush analyst Dan Ives raised the target price for Tesla from $ 500 to $ 560, but confirmed the stock's neutral rating. In the bullish scenario, the analyst expects Tesla's stock to rise to $ 1,000.
He added: With the achievement of the sustainable path of profitability and the inclusion of the stock in the S&P Index, Tesla's bull market story now revolves around the path of demand for electric vehicles until 2021.
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The analyst said that he is now seeing a major shift in the demand for electric cars worldwide, with expectations that electric vehicles will rise from the current 3% of total car sales to 10% By 2025.
and earlier this month, the S&P Dow Jones Andeans Commission announced that Tesla will join the broader index on December 21.
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In late trading on Monday, Tesla's share rose about 5.9% to $ 518.3, after hitting $ 525.15 earlier in trading, the highest. In its history. Since the beginning of the year, Tesla's stock has managed to make a rocket gain of 500%, which caused Elonmask's fortune to increase significantly.
