The craze for Tesla shares on Wall Street during Friday with above-average liquidity continued. The market has already valued the automotive and energy company at more than $834 billion USD. Elon Musk is the co-owner of SpaceX, Boring Company, and Neuralink. But above all, he is about a fifth of Tesla’s owner. And he became rich on paper. After beating the richest person, Jeff Bezos, on Thursday, he exceeded $200 billion in property on Friday. The assets of the founder of Amazon were also briefly above this last summer. The current $209 billion of Elon Musk seems to be a new historical high.
Shares of Tesla (TSLA) strengthened for the eleventh time in a row on Friday, a new record. Logically, the final historical price of $880 USD also records 8% higher than on Thursday. The owners were exchanged by over 75 million shares of Tesla. It is the highest since the record on December 18, when even 220.1 million shares were traded as part of the title’s inclusion in the S&P 500 index. That is about 23% of the total issue.
After last year’s 743% exchange rate shift, Tesla shares managed to add another almost 25%. This during the first five sessions this year.
Shares of Tesla are more valuable than all the major carmakers
After Apple, Microsoft, Amazon, and Alphabet, Tesla is now the fifth most valuable company on Wall Street. Even surpassing Facebook during this week. The award’s social network is currently “running away” by as much as about $72 billion USD. What may be even more interesting is that its value by far exceeds the aggregate value of the nine largest car groups, such as Toyota, Volkswagen, Fiat Chrysler, GM, Ford, and PSA. This is even though last year’s Tesla car production was only a negligible fraction in comparison.
In the market value of Tesla, each of its cars sold is based on more than $1.5 million USD. For example, in the Volkswagen Group, we can talk about barely $10 thousand USD.
Bloomberg Billionaires Index (BBI)
As mentioned above, the price of Tesla shares growth primarily affected the continued growth of Elon Musk’s assets this year. He jumped almost $40 billion in a few days. Thus, according to Bloomberg’s estimates, the total assets now reach $209 billion. Recall that at the beginning of last year, Musk’s assets were estimated “only” at $27 billion.
On Friday, Elon Musk also topped the wealthiest people for the first time, according to Forbes’ competitive survey. However, the company currently estimates its assets at a modest $189.7 billion. This compared to $185.7 billion of the now second place, Jeff Bezos.
As for the latest news, according to its website, it can be mentioned that Tesla started to offer the Model Y in the “standard-range” version. This according to the EPA of 244 million (390 km) compared to 326 million in the best performance. That is one of the factors that helped Tesla shares go up. With acceleration to 100 km/h in 5.3 seconds, the cheaper version starts in the US at $41,990. This is $4,000 less than the base Model 3. Compared to the $3,000 surcharge, a 7-seater version is now available. The car should be in the USA or for delivery within 2-5 weeks. This compared to the 12 weeks for Model 3.
The American regulator NHTSA’s decision, which in the investigation swept accusations of some users of alleged spontaneous acceleration of Tesla cars after a year of the examination, can also be mentioned in the research.