Tesla is already the second most expensive car company in the world

[[MC]Ronin[MC]]

Tesla is already the second most expensive car company in the world

Americans overtake Volkswagen in market cap, jumping the $ 100 billion mark for the first time

 

 

About two weeks ago, the news was that Tesla's market capitalization was higher than the sum of the market capitalization of General Motors and Ford. During this period, Tesla's stock price jumped more than $ 10 billion to reach yesterday, when the company's shares reached nearly $ 600.

The result of all this is that for the first time Tesla's market capitalization jumped above the $ 100 billion threshold. At its peak, it was around $ 107 billion, ending at $ 102 billion at the end of the day. Volkswagen with its $ 99 billion leader with double the market capitalization remains Toyota, whose stock price is about $ 200 billion.

If you open the link you will see that of the top 25 companies in the industry, only four show growth in their market capitalization, while all others are in the red sector.

Tesla is more expensive than Ford and GM combined

The news is especially important for Ilon Musk, as it can trigger a plan to receive bonuses that could turn him into the richest man on the planet. At first, market capitalization must remain above the $ 100 billion threshold for half a year to receive the first of 12 tranches under its bonus program.

In 2018, Musk presented to investors its development plan for the company, which many (probably) many analysts laughed at. He then pledged to make Tesla a $ 600 billion market capitalization.

According to him, each subsequent $ 50 billion increase in market capitalization will give Musk 1.69 million shares, which to date are about $ 1 billion. If Tesla reaches $ 600 billion, Musk would own about 30% of the company at that time, which would mean a share of about $ 195 billion, making it the richest man on the planet.

It is still very far from that goal at the moment, but two years ago it seemed even farther away, the first of the obstacles already seems to be achieved (and achievable)

[Arunabh.ly__]

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