Tesla: the most valuable automaker

Tesla: the most valuable automaker

2020-07-08 • Updated

Top Wall Street analysts bet on Tesla for the third quarter. Has the era of electric cars started?

What happened?

It’s unbelievable, but Tesla even outperformed Toyota by its market value, despite the fact that Tesla has never managed to make its annual profit. Tesla’s value exceeded 208 billion dollars, leaving behind Toyota with its 203 billion dollars. Tesla’s stock value has risen by 500% since this time last year. The overall improvement in the tech sector boosted the company, despite the coronavirus outbreak. The last week report showed that Tesla has tripled sales of “Model 3” cars in China in May in comparison with April. Actually, Tesla has become the bestseller among other electric vehicles in China this year. What’s more, in California it has become the top selling car in the first quarter among all cars, including petrol-driven ones.


Indeed, there is a global tendency towards electric cars. According to Bloomberg, global sales of oil and diesel driven cars has been in the permanent decline since 2017. It’s written that electric vehicle sales could reach 10% of global sales by 2025, then 28% by 2030 and, finally, 58% by 2040. It’s hard to imagine how far the Tesla stock will surge by then.

Q2 sales

Tesla’s deliveries for the second quarter bet all estimates. Just look at this data: total Q2 deliveries were 90 650, while the FactSet’s forecast was 68 380. The total production turned out 82 272 (6 326 ModelS/X and 75 946 Model 3/Y). Five-star Oppenheimer analyst Colin Rusch has immediately claimed his buy rating on Tesla after that report. Tesla reached the record high at 1 220 on Thursday after that report. As a result, Tesla is one of few companies that managed to make a progress even during the coronavirus pandemic.

Why is it important for a trader?

Many traders have made a huge profit on Tesla, sometimes due to their intuition, sometimes due to their good understanding of the stock market and the fast reaction to news. Thanks to Elon Musk’s tweets and leaked emails traders have the opportunity to make money even without economic releases. However, least ones are still main drivers of the stock price. Tesla will report its earnings report for the second quarter this month. Don’t miss out.

As you can see on the chart below, Tesla is trading at its record highs near $1 200. Further news and the earnings report will add the fresh volatility to it. Support levels are at key psychological marks at $1 200 and $1 000. If it breaks them down, it may fall deeper to the low of June 26 at $960. Follow further news on Tesla and make profit!


Just for fun

Now that we’re speaking about Elon Musk actions. When Tesla surpassed Toyota by the stock value, Musk decided to make fun of that and launched short red shorts for short sellers! To mock those who didn’t believe in Tesla’s growth. Due to the Musk’s love for encryption (Do you remember how he named his son?), he encrypted a joke even into the price of the shorts for short sellers. He set the $69.420 price. People easily decrypted his message. They said last three digits - 420 - is the reference to Musk’s tweet in 2018. After that the stock price fell down significantly.


What should you do for trading Tesla’s stock?

Trading stocks with FBS is easy. Follow the simple steps described below.

  1. First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.
  3. Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
  4. Start trading!



The Oil Market in the Month of June
The Oil Market in the Month of June

Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.

Oil Market Outlook
Oil Market Outlook

Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.

Latest news

SEC Crackdown and the future of Crypto
SEC Crackdown and the future of Crypto

Are you aware of the recent crackdown by the SEC on major cryptocurrency exchanges, Binance US and Coinbase? Surprisingly, savvy Bitcoin traders seem unfazed, as options-based implied volatility metrics indicate. It appears that the lawsuits were anticipated and already factored into the market. Implied volatility reflects investors' expectations of price turbulence, but little evidence of heightened concern exists.

US Dollar at Crucial Zone: What Next?
US Dollar at Crucial Zone: What Next?

Let's dive into the recent debt ceiling saga in the US and its implications for the economy, deficit, and inflation. The good news is that a new debt deal is on the horizon, saving us from a potential default on June 5. Phew! This deal will impact the economy by providing stability and avoiding a financial catastrophe.

CAD Outlook Ahead of BoC Overnight Rate
CAD Outlook Ahead of BoC Overnight Rate

Get ready for some suspense as the Bank of Canada faces a tough decision on whether to raise interest rates or keep them on hold. The resilient Canadian economy and the goal of curbing inflation further are at the heart of this dilemma. While some money markets and economists predict another rate hike, others believe the central bank should exercise caution and wait, hinting at a possible increase later in the summer.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera