Tesla stock gains 20 percent for second day in a row

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SOURCE: https://arstechnica.com/cars/2020/02/tesla-stock-gains-almost-20-percent-for-second-day-in-a-row/

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A number of Wall Street analysts have upgraded their share price targets for Tesla in recent weeks, but Tesla's value is now far above most analysts' estimates.Tesla's latest share price values the company at more than $170 billion—a stunning figure given how few cars Tesla sells.Tesla delivered 367,500 vehicles in calendar year 2019. Musk also has to hit specified revenue and profit targets, but the company has said it has already reached those milestones.The options have a strike price of $350 per share, so if Tesla's stock price stays above $900, the two stock option awards will have a combined value of more than $1 billion.

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Tesla stock gains 20 percent for second day in a row

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Timothy B. Lee