Tesla (TSLA.US) stock surged 8% today and hit a new record high in heavy trading on Friday, with the electric car maker’s market value exceeded Facebook’s for the first time. Current market capitalization at $774 billion makes Tesla the fifth-most-valuable company listed on Wall Street, just behind Google-parent Alphabet. Tesla's price rally has been going on for the eleventh day in a row and made CEO Elon Musk as the world's wealthiest person. The recent rally resulted in an even deeper split among investors regarding the future of the company. Billionaire venture capitalist Chamath Palihapitiya is very optimistic and in his view Tesla's stock could be worth three times its already lofty valuation. Also Wall Street analysts also turned more optimistic toward Tesla. Morgan Stanley and RBC Capital both lifted their price targets this week. On the other side, Michael Burry, the investor whose billion-dollar bet against the US housing market was depicted in Michael Lewis' book "The Big Short," expects that Tesla stock would suffer a similar downfall. "Well, my last Big Short got bigger and bigger and BIGGER too," "Enjoy it while it lasts," Burry tweeted on Thursday.
