But logic left the Tesla share price long ago. Tesla shares have rocketed from $229 a year ago to around $1,500 in recent weeks. After the stock split it will cost around $275 to buy a single share, as Tesla splits each share into five. A 7% rise in Tesla’s share price translates into extraordinary numbers. There’s plenty of reasons to say Tesla is a great business – just don’t confuse that with the share price.

Source: The Guardian August 12, 2020 21:56 UTC