Car manufacturer Tesla joins club of companies worth more than $ 1 trillion

ELON MUSK, who won 25 billion in the day of Monday, is the richest man in the world, with a personal fortune estimated at $ 255 billion.

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Tesla, world leader in the electric car, broke the $ 1,000 billion (€ 861 billion) stock market capitalization, Monday, October 25. The firm developed by ELON MUSK joins the club of American giants that crossed this threshold: Apple, Amazon, Microsoft, Alphabet (Google’s mother house) and Facebook, which has been falling since. All are digital companies, Tesla growing more and more in automatic driving – the software for this purpose is sold optional at a price of $ 10,000. Its electric vehicles have sometimes been described as “iphone on wheels”.

“Wild $ T1Mes!”, A twitty ELON Musk , word set between the “trillion dollars” reached and “the stirred times”. Its fortune has increased by $ 25 billion in the day to $ 255 billion, depending on the real-time calculator of Forbes. It has become the richest man in the world in front of Jeff Bezos, founder of Amazon, whose fortune is estimated at 194 billion.

The Cap of the 1 000 billion has been crossed after the car rental company Hertz, fallen into bankruptcy at the beginning of the pandemic of Covid-19, announced that it would buy 100,000 electric vehicles to the manufacturer. The Tesla action increased by 12.6% in the day. The facetious spirits note that a contract worth approximately $ 4 billion for Tesla did fly the value of the company of more than $ 100 billion.

100 times Renault

ELON MUSK’s firm is worth more than all businesses in the sector. She had exceeded Japanese Toyota in July 2020, which is worth $ 280 billion, nearly four times less, while Volkswagen, number one European weighs only $ 150 billion. Tesla is worth 100 times Renault, whose market capitalization is less than 10 billion euros.

“TESLA is now worth the combined stock market capitalization of the following ten car manufacturers. Who can still doubt that capitalism becomes green (with the usual excesses)?” Wonders Twitter the French economist Jean Pisani-Ferry. “We will be among the first tours to offer Tesla for rent # ecological”, tights Jean-François Rial, CEO of the world traveler group.

Tesla, who has sold more than 500,000 vehicles in 2020, could reach 900,000 this year and targets 1.4 million in 2022, thanks to its new factories in Shanghai, Texas and Berlin. It has so far managed to resist the scarcity of microprocessors.

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/Media reports.