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Tesla is in the middle of a speculative bubble. The shareholders of the American manufacturer of electric vehicles have something to be euphoric on, the group's shares having finally crossed the symbolic threshold of 2,000 dollars. On Thursday, the action closed with a gain of 6.56% to 2,001.82 dollars. At the start of the year, it was priced at … $ 430. To make its title more accessible, Tesla intends to divide by five the price of its share next week (stock split), an operation which is however neutral from a strictly fundamental point of view, for the shareholder.
The stock split operation aims to make the stock more accessible to employees and small investors. At 400 dollars a title at the end of the month, there is no doubt that the demand will be there. Of course, this split will not change the value of the portfolio of investors who already own Tesla shares. They will only own five times as many Tesla securities at the end of the month. If it makes the action more accessible, this measure nevertheless reinforces the wave of speculation that surrounds the firm of Elon Musk.
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Tesla, which aims to produce more than 500,000 vehicles this year, has a stratospheric market capitalization of $ 373 billion. It is much more than those of the three American automobile giants, General Motors, Ford and Fiat Chrysler. And Renault is far from behind Tesla, despite significantly higher vehicle sales … Tesla's soaring on the stock market has in any case made its founder Elon Musk the 4th fortune on the planet. An explosion of the speculative bubble on Tesla would therefore quickly make him tumble down the list of the richest men in the world.
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