Tesla set to breach $500 billion in market value

[tacobell fan]

Tesla Inc was set to breach $500 billion in market value on Tuesday, as its shares extended a meteoric rally that has seen the stock gain more than six times this year.

Shares of the electric-car maker have risen nearly 28% since the S&P Dow Jones Indices confirmed they would add the company to Wall Street's benchmark index from Dec. 21.

Its shares were up 3.5% at $540.53 in premarket trading and will have to open above $527.48 to hit the $500 billion mark.

The recent rally has also boosted Chief Executive Officer Elon Musk's net worth by $7.2 billion to $127.9 billion, helping him go past Bill Gates to become the world's second-richest person, according to the Bloomberg Billionaires Index.

Tesla has become by far the world's most valuable automaker, despite a production that is a fraction of Toyota Motor Corp, Volkswagen AG or General Motors Co.

Shares of other electric vehicle (EV) makers have also risen in the last few months as President-elect Joe Biden made boosting EVs a top priority during his campaign.

[accuman]

All world cars manufacturers market value is not this much. Endo ee pumping.🤔

[Ryzen_renoir]

This is honestly the only stock  I can't comprehend . 

This is beyond human mind 

[dewarist]

stock market always has something new even after seeing so much over the years. This is inflated beyond the limits

 

[tacobell fan]

33 minutes ago, dewarist said:

stock market always has something new even after seeing so much over the years. This is inflated beyond the limits

 

 

45 minutes ago, Ryzen_renoir said:

This is honestly the only stock  I can't comprehend . 

This is beyond human mind 

wait till post COVID

[Ryzen_renoir]

1 minute ago, tacobell fan said:

 

wait till post COVID

I am done doubting Tesla , already burnt my fingers with some puts . 

Elon Musk jinda bad 

[tacobell fan]

11 minutes ago, Ryzen_renoir said:

I am done doubting Tesla , already burnt my fingers with some puts . 

Elon Musk jinda bad 

Not just TSLA, look at Bitcoin. These are nuts.

[Ryzen_renoir]

1 minute ago, tacobell fan said:

Not just TSLA, look at Bitcoin. These are nuts.

Bitcoin is expected and in 2 years timeframe it is also expected to hit 5000 again 

[tacobell fan]

2 minutes ago, Ryzen_renoir said:

Bitcoin is expected and in 2 years timeframe it is also expected to hit 5000 again 

[nokia123]

On 11/24/2020 at 11:16 AM, Ryzen_renoir said:

Bitcoin is expected and in 2 years timeframe it is also expected to hit 5000 again 

Not going to happen