September 22, 2023

Taylor Daily Press

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Tesla is the fifth US company to be worth trillions of dollars

Tesla is the fifth US company to be worth trillions of dollars


Tesla’s stock soared on Monday, and the company now stands at more than $ 1 trillion. This translates to approximately 60 860 billion. Tesla is the fifth American company to reach that milestone.

Proof: Belgian

The huge increase was due to the billion dollar order of car rental company Hertz Global Holdings. This will be the order for 100,000 electric cars. Tesla’s stock rose sharply at the start of the New York Stock Exchange, enough to break the $ 1 trillion barrier. Tesla follows technology companies such as Apple, Microsoft, Amazon and Alphabet.

Since the beginning of this year, Tesla’s stake has already been more than 40 percent. The electric car maker recently surpassed social media company Facebook in the market cap, making Tesla the fifth most valuable public company in the United States.

According to CEO Elon Musk, rising prices mean his wealth continues to rise. Last weekend, his net worth was estimated at more than $ 250 billion by the Bloomberg News Agency. Investment bank Morgan Stanley had previously predicted that Musk would become the first billionaire. This is important because even if Tesla rises in value, his space company SpaceX will become more valuable.

According to Bloomberg, the second richest man on the list, Amazon founder Jeff Bezos, is worth less than $ 200 billion.

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