Elon Musk said that in the “dark days” for Tesla he wanted to discuss the sale of the company for $ 60 billion with the head of Apple Tim Cook. But Cook refused to meet, the billionaire said. Now Apple, according to sources, plans to release its own self-driving car in 2024. Tesla shares are up more than 700% this year.
On Friday, December 18, the company’s shares were at their peak at $ 695 – the all-time high for the company’s shares. It was the last day of trading before Tesla was included in the S&P 500, the largest-cap US companies. Tesla turned out to be the most valuable company in the history of the index at the time of inclusion.
This week, the company’s shares were down: trading on Tuesday, December 22, closed down 1.46%. Capitalization amounted to almost $ 607 billion. We believe that Tesla shares are a bubble and expect the company’s capitalization to decline in the very near future. Expectations of future profits are overestimated and soon this will affect capitalization.
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