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| Tesla’s stock price continued to rise and on the 27th (local time) it exceeded the market capitalization of Berkshire Hathaway, an investment firm of President Warren Buffett. / The fact database |
Elon Musk, CEO of Tesla, ranks second in the world
[더팩트ㅣ박경현 기자] American electric car maker Tesla outperformed the market capitalization of Berkshire Hathaway, where Warren Buffett is the chairman of the ‘investment guru’. Tesla has continued its stock price rally since the news of its listing in the S&P 500 index, a representative stock index in the United States.According to local economic media such as Fox News on the 27th (local time), Tesla posted a market capitalization of $ 555.2 billion (KRW 613. Tesla surpassed Berkshire Hathaway ($ 543 billion, 600 trillion won) to rank sixth in US market capitalization.
Currently, the number one market capitalization company in the US is Apple ($ 1,982.2 billion, 2,190 trillion won). Followed by Microsoft ($ 1.6272 trillion, 1798 trillion won), Amazon ($ 1.6032 trillion, 1771 trillion won), parent company of Google Alphabet ($ 1.221 trillion, 1.337 trillion won), Facebook ($ 791.2 trillion, 874 trillion won). Tesla ranks sixth in market capitalization, just behind these companies.
Tesla’s share price surge came after news that it would be added to the Standard & Poor’s (S&P) 500 US stock index on the 16th. Since then, Tesla’s market capitalization has risen. at $ 168 billion (18.5 trillion won).
The day before on the New York Stock Exchange, Tesla shares closed at $ 585.76, 2.05% more than on the battlefield. This year, Tesla’s stock price has risen 600%.
Wall Street experts are positive about Tesla. On the 18th, Morgan Stanley of Global Investment Bank (IB) raised Tesla’s rating from “keep the peso” to “increase the weight” for the first time in three years. Additionally, Weatherbush Securities raised its Tesla price target on the 23rd from $ 800 (88 million won) to $ 1,000 (1.1 million won) under the assumption that the most optimistic scenario is unfolding.
Fox News predicted that if Tesla’s stock price reaches $ 1,000 in the future, its market capitalization will reach $ 946 billion (1045 trillion won).
Meanwhile, the value of Tesla’s stake in Elon Musk CEO is also rising. Elon Musk recently ranked second in the world’s best-in-class ranking, beating out Microsoft founder Bill Gates, according to the Bloomberg Billionaires Index.
