Tesla has continued its very strong rally on Wednesday as the notes of analysts were positive for the electric car manufacturer and a broader rally in the markets due to the evident de-escalation in the situation between Iran and United States.
The prices of stocks have reached near $500 a share and the ones which are holding shorter positions have been going insane.
In the previous few months, the stocks of Tesla had been on a rally which had resulted in the pushing of a lot of record highs in the previous few weeks.
In the previous month, the stocks had also reached more than $420 a share which had then been a price that was claimed controversially by the CEO Elon Musk that he secured the funding for taking Tesla private.
This new year has been very good thus far for the shareholders of Tesla with the stock already being up by 17% and helped a lot by a surge of 5% today following a few notes from the analysts that were positive and a broader rally in the markets.
The stock of Tesla is now going to reach near the mark of $500 per a share as of the afternoon today.
Tesla has been outpacing the broad market which had also been rising after the comments made by the president which hinted that the situation had been de-escalating between Iran and United States in the middle east
There are analysts who feel that there are a few issues with the ramping up of production of Tesla but he is of the opinion that they will be solving these issues in the days to come.