Tesla drives the financial markets completely crazy!

With Tesla, today’s truth is not yesterday’s and will never be tomorrow’s, as illustrated by the automaker’s stock price.

For the past year, Tesla’s stock has been battered by the offensives of Japanese automakers and a decline in 100% electric vehicle sales. But beyond these purely cyclical factors, the decisions and positions of the all-powerful CEO Elon Musk do nothing to improve the situation. However, what Elon Musk disrupts, he knows better than anyone how to reassemble it improved. Thus, Tesla’s stock has experienced a significant rise in recent days, reaching $270 at the opening of the New York Stock Exchange today, its highest level in over a year. To get a sense of the growth, it stands at 37% over the year and 25% over the last 5 days alone!

This rebound follows the announcement of Tesla’s third-quarter results, which investors and analysts received very positively. In fact, the reception of these figures was as warm as the presentation of the Robotaxi was cool. Ultimately, this results in a one-month increase of only… 3%! Apologies for this avalanche of numbers, but it is essential to understand that few stocks are as unstable as that of the American manufacturer.

And the best may be yet to come, as analysts have raised their 12-month target for the stock to $315, justifying this ambition by higher-than-expected deliveries and above all, higher margins. But who can really predict what the automotive market will be in a few months?

To conclude with the numbers, at the end of this completely crazy week, Elon Musk’s fortune increased by about $30 billion, reaching over $275 billion, according to Forbes. This figure places him well ahead in the ranking of the world’s richest men, ahead of Frenchman Bernard Arnault and Amazon founder Jeff Bezos.

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