Tesla shares soar 40% after analyst says firm’s value could hit $1.3tn
by Rupert Neate Wealth correspondent from Technology | The Guardian on (#4YX42)
Carmaker is world's second most valuable despite never having made an annual profit
Tesla shares have soared 40% in two days, after one US analyst predicted the electric carmaker could transform global transport and that its market value could soar to $1.3tn (1tn) in less than five years.
Shares in the 17-year-old California company rose by 17% to $912 a share on Tuesday, giving Tesla a market value of $164bn - more than the $104bn combined value of Detroit's big three: General Motors, Ford and Fiat Chrysler.
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