Could Tesla be the first trillion dollar car company?
While Tesla’s recent $2 billion fund raise may have briefly checked its soaring share price, which has nearly doubled in 2020 to date, the electric car maker continues to steal the headlines. With many analysts of the view that the shares are still a buy. Could Tesla really be the first trillion dollar car company?
Tesla Inc (US: TSLA) continues to polarise opinion: idealists believe that it is so far ahead of the competition that rivals will struggle to catch-up as the world moves to electric vehicles, while sceptics maintain their bearish stance, suggesting that the recent share price leap is not a reflection of the company's inherent value but simply a technical rally, exacerbated by computer trading.
There is evidence to support both opinions. Tesla vehicle deliveries have accelerated significantly in the…
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