Tesla Is Now Worth More Than Toyota, 19 Other Businesses Are Worth More Than Tesla

Tesla Is Now Worth More Than Toyota, 19 Other Businesses Are Worth More Than Tesla

   

Tesla Is Now Worth More Than Toyota, 19 Other Businesses Are Worth More Than Tesla

Tesla is now worth more than toyota, 19 other businesses are worth more than tesla. In the S&P 500, the Elon Musk electric car business surpasses virtually every firm, including many iconic American businesses.

Tesla Is Now Worth More Than Toyota, 19 Other Businesses Are Worth More Than Tesla
Tesla Is Now Worth More Than Toyota, 19 Other Businesses Are Worth More Than Tesla

Tesla stock rose 4 percent to new highs above $ 1,120 per share in Wednesday afternoon trading. At that price, the market cap for Tesla is almost $210 billion.

That, ahead of Toyota (TM), makes Tesla the most valuable automotive maker on the planet. The market capitalization of the components of Dow Coca-Cola (KO), Disney (DIS), Cisco (CSCO), Merck (MRK) and Exxon Mobil (XOM) was also passed by Tesla.

In the S&P 500, there are actually only 19 businesses which are worth more than Tesla. One of them is the CNN AT&T owner. Tesla is now worth more than PayPal, a corporation created from Musk’s acquisition of other payment firms.

To reach the S&P 500, Tesla is not reliably profitable enough. But the level could be close to being met.

Electric vehicle hope is not confined to Tesla.

Since the firm worked in June in a merger with an open-traded blank check company, electric truck manufacturer Nikola has soared. Nikola’s valuation is almost $25 billion today, greater than Ford.

And investments in electric battery producer Workhorse, which has a stake in Lordstown Motors, a private firm, have doubled in the last week.