Tesla’s Market Value Smashes 800 billion Mark & Is The Compact Tesla Coming As Early As 2022?

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.

Tesla "Model $25k" being accelerated to 2022 is 𝙝𝙪𝙜𝙚 news: previous assumption was 2024-2025, and few TSLA valuation models include it.

With a $25k entry price Tesla can cover ~90% of the $5t automotive market by revenue (!).

It's the ultimate killer blow to legacy auto. https://t.co/doQX1h8hxV

— 𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 (@truth_tesla) January 8, 2021

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This article was also published in German.