They are kicking ass. Go bitch about the $.gov incentives to yo mamma. Elon has surpassed the entire industry in a mere 5-6 years.
Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles
Hertz’s major bulk purchase could help Tesla get more of its cars into the hands of mainstream consumersTesla Inc. TSLA 1.91% crossed $1 trillion in market value Monday, joining a select group of companies after its stock price more than doubled this past year on surging vehicle sales and rising profits.Investors pushed the electric-vehicle maker over the line after Hertz Global Holdings Inc. HTZZ -1.60% ordered 100,000 autos to be delivered to the rental-car company by the end of next year, a bulk purchase that promises to expose more mainstream drivers to Tesla’s technology.Apple Inc. Microsoft Corp. , Amazon.com Inc., Google parent Alphabet Inc. are the only other U.S. companies worth more $1 trillion. Facebook Inc. was part of the group, though its share price has since retreated. Tesla, which last week reported record quarterly profit, is worth more than the next nine largest auto makers by market capitalization combined.“Wild $T1mes!” Tesla Chief Executive Elon Musk tweeted Monday afternoon. He added, of the Hertz order: “Strange that moved valuation, as Tesla is very much a production ramp problem, not a demand problem.” Tesla’s stock closed at $1024.86, up more than 12% on the day and giving the company a market value of $1.03 trillion.WHAT
Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles
Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles
Hertz’s major bulk purchase could help Tesla get more of its cars into the hands of mainstream consumersTesla Inc. TSLA 1.91% crossed $1 trillion in market value Monday, joining a select group of companies after its stock price more than doubled this past year on surging vehicle sales and rising profits.Investors pushed the electric-vehicle maker over the line after Hertz Global Holdings Inc. HTZZ -1.60% ordered 100,000 autos to be delivered to the rental-car company by the end of next year, a bulk purchase that promises to expose more mainstream drivers to Tesla’s technology.Apple Inc. Microsoft Corp. , Amazon.com Inc., Google parent Alphabet Inc. are the only other U.S. companies worth more $1 trillion. Facebook Inc. was part of the group, though its share price has since retreated. Tesla, which last week reported record quarterly profit, is worth more than the next nine largest auto makers by market capitalization combined.“Wild $T1mes!” Tesla Chief Executive Elon Musk tweeted Monday afternoon. He added, of the Hertz order: “Strange that moved valuation, as Tesla is very much a production ramp problem, not a demand problem.” Tesla’s stock closed at $1024.86, up more than 12% on the day and giving the company a market value of $1.03 trillion.WHAT
Tesla’s valuation has soared unusually quickly. It took less than two years for Tesla’s market value to grow from $100 billion to $1 trillion, according to Dow Jones Market Data. By contrast, it took Amazon more than eight years to cover that ground.
The run-up in Tesla’s share price has benefited Mr. Musk, the company’s largest shareholder and world’s wealthiest person. Mr. Musk’s Tesla holdings, including vested and unvested options, were worth roughly $297 billion as of Monday, according to corporate-governance data company Equilar Inc. That is more than the valuation of Toyota Motor Corp., the second-largest auto maker by market capitalization.