shares further entered the bubble market on Friday as investors rushed to panic buying the shares of the carmaker to catch up with the deadline for the upcoming split of the stock. Tesla shares have soared 379% so far this year, pushing its market valuation to $373 billion. Investors must own Tesla shares by Friday’s close to make a 5-to-1 profit after the close on August 28. < / P > < p > in terms of market value, Tesla is now the world’s largest automaker, 37% higher than Japanese automaker Toyota (US $187 billion) and German automaker Volkswagen (US $85 billion) (the second and third largest auto makers by market value), and US automakers General Motors (US $41 billion) and Ford Motor The combined market value of car companies (27 billion dollars) and Fiat Chrysler (23 billion dollars) is 310% higher. “We used to talk about comparing Tesla’s market value to GM’s market value, but now we’re talking about how it compares to the market value of the global automotive industry,” said Matt Maley, chief market strategist at Miller Tabak & Co < / P > < p > wedbush securities analyst Dan Ives previously raised Tesla’s target price to $1900 a share, with a target price of $2500 in a bull market situation, as he was optimistic about strong demand from China and the upcoming battery day event. < p > < p > Maley said the upcoming split could boost Tesla’s share price, though only temporarily. “My understanding is that when they announce a split, the stock goes up, and when it does, it goes up, but it usually flattens out very quickly.