Tesla’s capitalization approached $ 500 billion and Elon Musk displaced Bill Gates from second place in the billionaire rankings.



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Tesla's capitalization approached $ 500 billion and Elon Musk displaced Bill Gates from second place in the billionaire rankings.

Tesla, a US electric vehicle maker, continues to skyrocket, setting new records day after day.

Tesla's capitalization approached $ 500 billion, and Elon Musk knocked Bill Gates out of second place in the billionaire rankings.

At the end of the trading session on November 23, Tesla shares rose 6.58% and the capitalization of Elon Musk’s company approached an impressive $ 500 billion, 2.5 times more than Toyota. , which ranks second in the ranking of the world’s most expensive public car companies..

Tesla's capitalization approached $ 500 billion and Elon Musk displaced Bill Gates from second place in the billionaire rankings.In post-trade on November 23, the price of a Tesla share continued to rise in price, so, probably, with the resumption of operations on November 24, the trend will continue and the company’s capitalization will exceed the half trillion dollar mark for the first time. The most expensive American company, Apple, with its $ 2 trillion Tesla (now $ 1.94 trillion), is still a long way off, but at this rate, Elon Musk’s company can catch up with the iPhone maker relatively quickly. .

At the same time, the fortune of Tesla founder and director Elon Musk, who owns about a fifth of all the company’s shares (makes up the majority of its capital), increased by $ 7.24 billion, to $ 128 billion, and rose to second place in the Bloomberg billionaire rankings, pushing Microsoft founder Bill Gates to third place. Recall that last week Musk eliminated Facebook boss Mark Zuckerberg from the top three billionaires.

At the beginning of the year, Elon Musk was ranked 35th in the ranking of the richest people in the world, prepared by Bloomberg. In 2020, thanks to the growth of Tesla shares and the capitalization of the company, Elon Musk’s fortune improved by $ 100 billion.

The top spot in the Bloomberg ranking is still held by Amazon founder Jeff Bezos, with a fortune of $ 183 billion. In the Forbes Billionaires Ranking, Elon Musk is fourth with an estimated fortune of $ 110 billion.

  • In August, Tesla split its shares five-to-one, and after trading began, taking the split into account on August 31, the shares rose to a new all-time high of $ 498.32, leading to Tesla’s market capitalization at $ 464.3 billion.
  • Tesla shares began to rise in price after the S&P Dow Jones Indices Committee announced on November 16 its intention to include the famous electric carmaker Tesla in the S&P 500 rating (Elon Musk’s company will appear with the publication of a new edition on December 21).
  • By the end of this year, Tesla plans to ship 500 thousand cars (in 2019 the result was 367 500 cars) and for the first time to make a profit for the whole year, and next year it could reach a sales volume of one million cars.
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