Tesla (NASDAQ:$TSLA) stock hit $390 on Monday, a record high for the company. This continues the trend of a bullish run that has seen the stock rise aggressively.

However, experts say that this trend is largely due to speculations about Tesla’s upcoming projects and not about the company’s current state. This means that the company’s ability to keep up production and delivery vehicles will be the real test of the soaring stock prices.

Last week saw a lot of good press for the automaker. Tesla announced that the groundbreaking new Tesla semi-truck would be unveiled tentatively on October 26. In addition, Tesla was ruled not at fault in a fatality last year involving of the company’s self-driving cars.

Though most information will be unveiled at the release, Founder Elon Musk has confirmed a few details about the upcoming semi:

• Tesla expects it to be able to drive from 200 to 300 miles on a single charge.
• It will be able to drive in ‘platoons’, following a lead car.
• The semi will be capable of long hauls
• According to Musk, the vehicle will represent a significant decrease in the cost of cargo transport.
• It will reportedly be ‘safe’ and ‘fun’ to operate.

Musk also teased that the reveal may also include a previously unknown project. Rumors circulate that the project may be the highly anticipated Tesla pickup truck.

However, some analysts are cautioning investors to be aware of the fact that the current market is based on speculations and not the company’s current performance. Despite a market share capitalization of $64 billion, which easily trumps GM (NYSE:$GM) and Ford’s (NYSE:$F) respective $56 billion and $46 billion, the company’s revenue is only $10 billion, a far cry from GM and Ford’s $170 billion and $154 billion, respectively.

The $64 billion capitalization anticipates five years of steady growth and Tesla’s ability to continue their success. Another big assumption is that Tesla will remain the sole company dealing with electric cars of that scale.

Featured Image: depositphotos/wolterke