A Ten-Fold Sales Rise Is One Way to Justify Tesla at $1,000
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When Tesla Inc. shares briefly approached $1,000 in the midst of a manic surge last week, a host of experts and market watchers started scrambling to figure out what it would take for Elon Musk’s electric-vehicle maker to justify such a massive valuation.
After a big pullback last Wednesday, Tesla shares were up again on Monday, gaining as much as 9.6% to $819.99, on news that the company’s Shanghai plant has resumed production after delays caused by the coronavirus outbreak, and after a Forbes report explored the possibility of Google buying Tesla for as much as $1,500 a share. Tesla is up 88% so far in 2020.