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Tesla is now worth over $ 1,000 billion




Shares jumped more than 12% on Monday to close at around $ 1,025, boosted by two good news: Hertz announced a record 100,000 Teslas order for its fleet, and Morgan Stanley’s influential auto analyst Adam Jonas recently raised its Tesla price target to $ 1,200. sharing.
This big one-day win took You’re here (TSLA) only above the $ 1 trillion mark. This market capitalization is less than half of that of Apple (AAPL), the most valued company in the world with $ 2.5 trillion, and No. 2 Microsoft (MSFT), which is worth $ 2.3 trillion. Other trillion dollar club members include parent Google Alphabet (GOOG), valued at $ 1.8 trillion, and Amazon (AMZN), to $ 1.7 trillion.
Tesla is the second-fastest company to hit the $ 1,000 billion mark, hitting it just over 12 years after its IPO in 2010. Alone Facebook (FB), which took just over 9 years from its initial public offering to reach $ 1,000 billion, did it faster.
Hertz buys 100,000 Tesla

Apple took the longest, hitting the mark over 37 years after it started in 1980, followed by Microsoft, which took just over 33 years. Amazon needed 21 years, while Google first hit the mark after 15 years. It’s not uncommon for companies that hit the $ 1,000 billion benchmark to drop below that.

Tesla surpassed Facebook on Monday, whose shares are down following the publication of a slew of internal documents known as “The Facebook Papers.”
Facebook (FB) stocks closed more than 5% lower in Friday trading, and even with a modest rebound on Monday, they are down 17% from their high at the start of the year, when the company was valued at over of $ 1 trillion. Facebook’s market cap closed at $ 927 billion on Monday.

For Tesla, on the other hand, Wall Street’s enthusiasm for the future of electric vehicles has pushed the company’s market value to more than the world’s 11 largest automakers combined.

Tesla is worth more than three times as much as Toyota (MT), the second-most valuable automaker, which has a market capitalization of around $ 280 billion, and has sales and profits that eclipse those of Tesla.
Last year, Tesla only sold 500,000 cars worldwide, which means its current market value equates to around $ 2 million per vehicle sold.

The company has already sold 627,000 cars so far this year and is targeting nearly one million sales for the full year. That would still equate to a valuation of over $ 1 million per vehicle, but it’s clear investors are betting nonetheless that Tesla will hit its target of 50% or more annual sales growth for years to come.




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