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Monday, December 6, 2021

Elon Musk’s company Tesla created history, market cap exceeded one trillion dollars

Tesla’s market cap now more than top 5 BSE companies combined; Elon Musk’s wealth grows $36 billionTesla has now become a company with a trillion dollar market cap.

Electric car maker Elon Musk’s company Tesla achieved a new milestone on Monday. Tesla has now become a company with a trillion dollar market cap. Tesla Inc. stock rose 12.66% on Monday. The biggest reason behind this boom is Tesla getting its biggest order ever from rental car company Hertz. With this jump in market cap, Tesla’s valuation has exceeded that of the top 5 BSE listed companies. According to the Bloomberg Billionaires Index, with the rise in the share price of Tesla Inc., Elon Musk’s net worth has also increased by a whopping $36 billion (Rs 2.71 lakh crore). With this increase, Musk has overtaken Amazon’s Jeff Bezos.

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Tesla leaves BSE companies RIL, TCS behind

Tesla’s market cap on the NASDAQ index closed at $ 1.02 trillion (about one lakh crore) per share with a stock price of $ 1,024.86. The combined market cap of the 5 largest BSE companies is Rs 51.67 lakh crore or $688 billion ($1 = Rs 75.02). Mukesh Ambani’s Reliance Industries Limited (RIL) is the largest BSE company with a market capitalization of Rs 16.50 lakh crore.

Apart from this, Tesla is far ahead of BSE companies TCS, HDFC Bank, Infosys and ICICI Bank in terms of market cap. The market cap of Tata Consultancy Services is Rs 12.91 lakh crore, HDFC Bank Rs 9.17 lakh crore, Infosys Rs 7.24 lakh crore and ICICI Bank Rs 5.8 lakh crore.

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Elon Musk richest person

With this, Elon Musk has gone far ahead of Jeff Bezos in terms of wealth. Elon Musk has become the richest person in the world. His net worth has reached $289 billion. This year his net worth has increased by $ 119 billion. At the same time, the net worth of Bezos is $ 193 billion. According to this, Musk’s net worth is $ 96 billion more than Bezos.

(Article: Kshitij Bhargava)

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