Tesla shares rise in price to $ 1,500 apiece, employees and shareholders have already become millionaires

“Tesla significantly improved our estimates and the consensus forecast for deliveries in the second quarter of 2020, reporting a total volume of 90,650 units compared with our estimate of 73,800 and a consensus indicator of 70,300. We confirm our rating“ Outperform the market ” and increase our target price to $ 1,500 (from $ 1,050). At present, we are confident that Tesla can become a 100 billionth company by 2025 with an EBITDA margin of 20%, ”the analyst commented on the situation. It should be noted that if last week Tesla shares exceeded the $ 1200 mark, now they are already trading against $ 1370! The belief in the company was not only strengthened by the latest supply report, but also a new statement by Elon Musk about a promising plant in Asia – in addition to the two under construction.

All in all, Wall Street believes in a bright future for Tesla. In the meantime, they “believe” there, employees and shareholders of the company derive real benefit from the growth in the value of shares. So, for example, Drew Baglino, senior vice president of the power plant and traction battery business, owns 4,222 shares with a current market value of more than $ 5.7 million.

Jerome Guillen, president of Tesla’s manufacturing department, owns 9,752 shares of the company for more than $ 13 million. Guillen led several key programs at Tesla, including leading the creation of the Model S and the Semi truck, before heading the production department.

Zachary Kirkhorn, CFO of Tesla, currently owns 11,831 shares, now worth over $ 16 million. But the richest shareholder, of course, is Elon Musk. He owns 34,098,597 shares, which is equivalent to 46 billion dollars. His brother, Kimbal Musk, a member of the Tesla Board of Directors, has 130,848 Tesla shares, which now cost more than $ 175 million.