On the rise on Wall Street since the beginning of the year, the electric car maker Tesla broke the $ 500 billion mark on the stock market for the first time on Tuesday.
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Its stock finished up 6.4% on Tuesday, or nearly $ 32 billion in 24 hours, giving the company a valuation of $ 526 billion.
Tesla has gained more than 560% since the start of the year, which has seen his boss Elon Musk, who owns around 18% of the company, earn more than $ 100 billion over the same period.
With a fortune of 128 billion dollars, he passed Monday night ahead of Bill Gates to become the second richest man in the world, according to the ranking of billionaires by the Bloomberg agency.
On the podium of multi-billionaires, he is second only to Jeff Bezos, the founder of the e-commerce giant Amazon.
Tesla is taking advantage of the enthusiasm of many investors for what they consider to be the future of the automobile.
Its action has also been boosted in recent weeks by the election to the presidency of the United States of Joe Biden, who has promised to promote the development of electric vehicles in the country, and by the announcement of the group's next entry. in the prestigious S&P 500 index from December 21.
Being part of it will allow Tesla's share to be systematically included in many financial products that mechanically follow its fluctuations, ETFs, which should give it even more scope.
"Largest production plant" in the world
This stock market rise also means that Tesla can borrow or raise money on more advantageous terms than its competitors, notes Garrett Nelson, analyst at CFRA, in a note on Tuesday.
“This is critical as the company continues to build new factories to meet its goal of increasing annual production 40-fold over the next decade, from around 500,000 vehicles currently to 20 million in 2030 ”
, explains the specialist.
Still very ambitious, Elon Musk again affirmed on Tuesday that the electric car site which is due to open near Berlin in 2021 will also include
"the largest factory"
for the production of batteries in the world.
Even though his company produces far fewer cars than traditional manufacturers, it is clearly favored by the markets: General Motors and Ford are only worth $ 66.5 billion and $ 37.6 billion on the stock market, respectively.
