(Original title: Tesla Value Surpasses Consumer Giant P&G, Next Stop Walmart)

Netease Technology News, August 18, as investors believe that Tesla will be able to occupy a dominant position in the electric vehicle market in the future, leading to its continued rise in its stock price. The market value of the company has now exceeded that of consumer product giant Procter & Gamble Co. .).

Despite previous reports that Tesla Motors’ registrations in China declined in July, the news did not stop the company’s share price from rising. On the Nasdaq stock exchange market on Monday local time, Tesla's stock price rose by US$184.93 to close at US$1,835.64, an increase of 11.20%. In after-hours trading that day, the company's stock price rose another $1.36, to $1,837.00 per share, an increase of 0.07%.

China is a key market for Tesla's electric vehicles, and the company is ramping up the output of its Shanghai plant after starting deliveries at its Shanghai plant earlier this year.

Boosted by expectations that Tesla will be included in the S&P 500 Index, Tesla’s stock price has risen by 339% this year. In addition, the company's plan to split 1 stock into 5 shares has lowered the threshold for individual investors to purchase the company's stock, which has also pushed up the company's stock price. Since Tesla announced the news of the stock split, in the past 4 days, the company's stock price has risen 31.9%.

According to data from Robintrack.net, on Monday, local time, Tesla ranked eighth among the most popular stocks on the US stock trading platform Robinhood.

In addition, Wall Street has also developed enthusiasm for Tesla stock. Analysts have raised the company's stock rating and target price as evidence, which is also an important factor driving Tesla's stock price rise.

According to the latest report, investment bank Wedbush analyst Daniel Ives (Daniel Ives) raised the target price of Tesla stock from $1,800 to $1,900. Ives said that although the US market is weak, so far in the third quarter, the demand for Tesla's electric vehicles in the European and Chinese markets is very strong.

Ives wrote in his research report, “To achieve growth in the Chinese market, this can contribute at least $400 to the value of Tesla’s stock, because here, the utilization rate of electric vehicles will be in the next 12 to 18 It will rise sharply within this month."

Tesla's market value is currently about 342 billion US dollars, surpassing Procter & Gamble's 337 billion US dollars. According to Bloomberg data, Procter & Gamble is the tenth-ranked stock in the S&P 500 by market capitalization. Wal-Mart has a market value of approximately US$384 billion and ranks ninth in the S&P 500 index. (Tianmen Mountain)

Source: NetEase Technology Report, translated by Google Translate