Tag: Musk

Tesla stock price increased by 32.5% in July, is it a bubble about to burst?

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Tesla stock Reading Time: 2 minutes

It is 2020, the year of the Corona Virus, and the “Apocalypses” for all the traditional companies. The amount of cars sold has dropped by up to 80% in some countries. In general, people are not traveling this year. One can assume that it is hell for the car manufacturers, right? So how come that Tesla stock price is rising so much and it became the car company with the highest ever market cap? Does it make any sense, or is it a bubble?

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