Wednesday , January 20 2021

Tesla is worth more than $ 800 billion on the stock market, ahead of Facebook

The valuation of Tesla’s stock market surpassed $ 800 billion for the first time on Friday, placing the electric car maker ahead of Facebook in terms of heavyweights on Wall Street.

For the eleventh session in a row, Tesla boasted the title on the New York Stock Exchange, winning nearly 8% this morning, after being nearly as much ahead the day before.

While the share is worth more than $ 800 per unit, the group was worth $ 826 billion against $ 752 billion for Facebook, according to figures from the agency Bloomberg.

The largest capitalization on the New York Stock Exchange today is that of Apple, which is worth $ 2.206 billion, followed by Microsoft (1.648 billion), Amazon (1.586 billion), Alphabet / Google (1.200 billion)) and now from Tesla.

The title print of the maker of electric cars made his boss Elon Musk the richest man in the world on Thursday for Amazon founder Jeff Bezos.

Elon Musk, 49, who is also head of SpaceX, controls an 18% stake in the growing automaker, bringing his fortune to more than $ 188 billion, according to calculations by Bloomberg, which ranks billionaires.

In mid-December, the multibillionaire’s group experienced its inauguration of the scholarships by becoming a member of the prestigious S & amp; P 500 index, and brought together the 500 largest listed companies in the United States.

By joining the S & amp; P 500, the Tesla share was systematically included in listed index funds (exchange traded funds such as ETFs), which passively monitor the fluctuations of the index, which further increased the share.

However, the group’s sales remain far from traditional manufacturers: Tesla will only sell 499,550 cars in the year 2020, far from Volkswagen and its 11 million cars sold in 2019, for example.

“How strange ..”, the rich and whimsical boss of Tesla responded on Twitter on Thursday when he learned to classify the richest man on the planet. “Let’s go back to work …”.

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