The market value of Tesla rose to more than 500 billion dollars on Tuesday, converted to 422 billion euros. Before that, the stock had to open above $ 528 when it opened in New York and it did.
Tesla is now worth more than Volkswagen, Toyota, Hyundai Motor Company, General Motors and Ford combined. In after-hours trading, the Tesla stock had already climbed to over $ 540, after closing at $ 521 at the close of trading.
Tesla’s shares are on the rise after it was announced earlier this month that the brand will be included in the stock market index S&P, the stock index of the largest companies in the United States and an important indicator of the US stock market. President-to-be Joe Biden’s attention to electric driving also increases the wind in Tesla’s sails.
Thanks to the jump in price, the assets of Tesla CEO Elon Musk are now also estimated to be higher than that of Bill Gates. The Microsoft founder is surpassed by Musk as Musk is estimated to be worth $ 127.9 billion.