Shares of Tesla Inc. TSLA,
fell 2.1% in premarket trading on Monday, putting them in danger of suffering their first decline in 12 sessions. The stock rose 37.4% amid a record 11-day winning streak to close on Friday at $ 880.02. Since stocks last fell on Dec. 22, the electric vehicle maker’s market capitalization has risen by more than $ 227 billion to $ 834.2 million, enough to make Tesla the fifth-most-valuable company in the U.S. executive director Elon Musk, the richest person in the world. Wedbush analyst Dan Ives said in a note to clients that he believes China could see “eye demand” in 2021 and 2022, with Tesla Giga 3’s flagship footprint a “major competitive advantage.” Tesla shares have doubled (up 102.8%) in the last three months to Friday, while the S&P 500 SPX,
gained 10.0%.