Tesla passes $ 1,000 billion mark on Wall Street

Posted on Oct 26, 2021 at 6:15 amUpdated Oct 26, 2021, 9:18 AM

To believe that all the investors in the world are flocking to Tesla. The American automaker on Monday crossed the symbolic milestone of 1,000 billion in market capitalization on Wall Street, making it the sixth largest global value behind Apple, Microsoft, Saudi Aramco, Google and Amazon, but ahead of Facebook. As if the markets were now acknowledging the fact that Tesla, a “simple” manufacturer of electric cars, was indeed a name capable of one day evolving the acronym Gafa – for Google, Apple, Facebook and Amazon.

In recent weeks, TSLA shares have benefited from the global acceleration in sales of electric vehicles and the publication of good quarterly financial results. But it was a huge order from Hertz – over $ 4 billion for 100,000 cars – that knocked Elon Musk and his troops into another world. It only took Tesla eleven years to increase its market value from zero to $ 1,000 billion. Only Facebook, again, has done better in stock market history.

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