At the beginning of the week Tesla broke through the 700 billion dollar mark, and at the end of the week the share price stands at 831 billion dollars. Thus, already yesterday Elon Musk took over the first place from Amazon founder Jeff Bezos as the richest person in the world.
The share price rally may also be connected with rumors in the Chinese media that production of an as yet undisclosed compact Tesla will be brought forward. The compact model could be produced in the Gigafactory in Shanghai not in 2024 or 2025 but as early as 2022. And that at a price of around $25,000.
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This article was also published in German.