Shares of Tesla Inc. TSLA,
Decreased 2.1% in premarket trading on Monday, putting them at risk of experiencing their first drop in 12 sessions. The stock was up 37.4% on a record 11-day gain and closed Friday with a record $ 880.02. Since its share last fell on December 22, the electric vehicle manufacturer’s market capitalization has soared by more than $ 227 billion to $ 834.2 million, enough to make Tesla the fifth most valuable US company and CEO Elon Musk. richest person in the world. Wedbush analyst Dan Ives said in a note to customers that he believes China could see “dazzling demand” in 2021 and 2022, with Tesla’s flagship Giga 3 a “major competitive advantage”. Tesla’s stock has more than doubled (up 102.8%) in the past three months through Friday, while the S&P 500 SPX,
has gained 10.0%.