5 Factors Behind Tesla's Soaring Stock Price
Shares of Tesla (NASDAQ: TSLA) have skyrocketed recently. The stock is up more than 110% over the past three months, giving the company a market capitalization of about $96 billion. That compares with Ford's market capitalization of $37 billion and General Motors' of $50 billion. In other words, Tesla's market cap is now approximately $9 billion higher than Ford and General Motors' combined market cap.
But what exactly is behind this epic rise? Sure, a short squeeze, as short-sellers rush to cover their positions, is likely driving a good portion of the stock's wild run-up (particularly the stock's nearly 50% gain in the past 30 days alone). But there are also some underlying business factors that have likely served as key catalysts for the market's bullishness for the electric-car maker's stock recently.
Here's a look at those factors.
Source Fool.com
