Tesla stock reaches $2,000 amid soaring interest in EV companies:
Tesla's stock closed at a record high of $2,000 on Thursday, pushing the company's market capitalization to $370 billion. Tesla has been on a weeklong rally since announcing a five-for-one stock split. The split will be distributed to anyone who holds the stock tomorrow—Friday, August 21.
A little more than two months have passed since Tesla's stock first reached $1,000 per share. Last month, Tesla announced a solid second-quarter profit of $104 million. It was the fourth straight quarter of profits.
That could qualify Tesla for inclusion in the S&P 500 stock index. If Tesla wins a slot in the S&P 500, funds that track the index would need to buy Tesla shares. That could push the stock price up even further.
(Score: 1) by anubi on Saturday August 22 2020, @06:50PM (3 children)
Neodymium?
Now that is valued by what it's used for.
"Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]
(Score: 0) by Anonymous Coward on Saturday August 22 2020, @07:48PM (1 child)
Ah, like for when spending 20k per speaker isn't a completely ridiculous idea.
(Score: 1) by anubi on Sunday August 23 2020, @08:49AM
I was thinking more down the line of the electromechanics for wind turbines, electric cars, modern appliances, planes, etc.
"Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]
(Score: 5, Interesting) by JoeMerchant on Saturday August 22 2020, @08:59PM
Neodymium, tantalum, even cadmium is valuable until the SHTF, afterwards not so much.
Afterwards, you'll be wanting more of your basic iron, copper, maybe aluminum and some of the simpler, better known alloying metals.
🌻🌻 [google.com]