Home TECH & GADGETS Tesla hits $1 trillion market cap - Elon Musk’s wealth grows $36 billion

Tesla hits $1 trillion market cap - Elon Musk’s wealth grows $36 billion

4:59 AM

Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles - Elon Musk’s wealth grows $36 billion

Elon Musk's Tesla reached a new milestone on Monday, breaking the 1 trillion market capitalization mark, as stock prices rose 12.66% on the back of a huge order from car-renter Behemoth Hertz. With this increase in market cap, Tesla is more valuable than the top 5 BSE listed companies. Along with the rise in Tesla Inc. share price, Elon Musk's total wealth has also increased by a whopping 36 36 billion, according to the Bloomberg Billionaires Index, extending his leadership as the richest man in the world to Amazon's Jeff Bezos.

TESLA HITS $1 TRILLION MARKET CAP FOR THE FIRST TIME AFTER HERTZ SAYS IT WILL BUY 100,000 ELECTRIC VEHICLES - ELON MUSK’S WEALTH GROWS $36 BILLION
ELON MUSK’S WEALTH GROWS $36 BILLION


Tesla’s market capitalization stands at $ 1.02 trillion on the NASDAQ index and the stock price sits at $ 1,024.86 per share. Meanwhile, the combined market capitalization of the 5 most valuable BSE companies stands at Rs 51.67 lakh crore or $ 688 billion ($ 1 = Rs 75.02). Among them is Mukesh Ambani's Reliance Industries Limited (RIL), the most valuable company on the BSE with a market capitalization of Rs 16.50 lakh crore.

Other BSE companies whose market cap has been taken over by Tesla include Tata Consultancy Services with a market cap of Rs 12.91 lakh crore, HDFC Bank at Rs 9.17 lakh crore, Infosys at Rs 7.24 lakh crore and ICICI Bank at Rs 5.8 lakh crore. Millions.


Since the end of May this year, Tesla’s share price has risen 64%. The stock reached a 52-week high of $ 1,045 per share on Monday. The current rise in the stock comes after Hertz Global Holdings placed the largest order of 100,000 electric cars on Tesla. According to Reuters, the order will initially be for the Model 3, which is also the best-selling car in Europe. Although on a P / Deluted EPS Before Extra (Trailing) basis, Tesla's price is 296.2x, but analysts remain constructive on the stock and most analysts are advising investors to 'hold' the stock, according to S&P Capital IQ.

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Welcome to our blog “CYBER SUGGEST“. Debmalya Datta is a professional Blogger, Developer, Social Media Influencer, Digital Marketer and Entrepreneur. He loves doing work which makes him happy, that’s why he choose Blogging and Educate people. You will love exploring educational stuff on our blog. Live your dreams as much as you can. Be a SHAMELESS SELF-PROMOTER

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