Tesla's market value soars almost $300 billion in just a month as deals with GM, Ford supercharge the EV maker's stock
Tesla's stock is on a tear again, with Elon Musk's electric-vehicle maker adding an eye-popping $287 billion in market value in just the past month.
The impressive stock rally partly reflects increasing investor optimism about Tesla's ability to monetize its EV charging technologies and infrastructure, adding to income from car sales. Musk's company recently finalized deals with General Motors and Ford to allow them access to its supercharger network.
. "Now, we are enabling other companies to use our Supercharger network. Also happy to license Autopilot/FSD or other Tesla technology," he added.Wedbush Securities expects the charging-tech deals will help the Tesla stock surge."For Tesla, we believe this is a large monetization opportunity for the company in its supercharger story, adding to its growing sum-of-the-parts valuation," analyst Dan Ives wrote in a recent note.
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