The Tesla share from one record to the next - and makes CEO Elon Musk ever richer. Now he's even overtaken an investor legend.
- Tesla: Share split drives paper to record high.
- Tesla boss Elon Musk is now the fifth richest person on the planet.
- Entrepreneur overtakes an investor legend thanks to the soaring of Tesla shares
Update August 18, 11:14 a.m. - Elon Musk (49) is currently on a run. The SpaceX project was a globally recognized success, Tesla delivered its fourth quarterly profit in a row and then the e-car pioneer also announced a stock split, which has caused a sensation on the stock exchange ever since.
At the start of the week on Monday alone, Tesla shares rose by eleven percent to a new record of $ 1,835. With a market value of the equivalent of 286 billion euros, the group is now worth more than the DAX companies Siemens , Allianz , Deutsche Telekom and Infineon combined.
The Tesla rally makes Elon Musk even richer. The price increase on Monday alone brought him an increase in assets of seven billion dollars to 83.6 billion dollars (net worth). In the table of the super duper rich, Musk has now overtaken investor legend Warren Buffett as well . However, Buffett had already put a large part of his assets into foundations in recent years. Just over two weeks ago, the investor, also known as the Oracle of Omaha, donated shares in his investment holding company Berkshire Hathaway worth $ 2.9 billion to several foundations, including the Bill & Melinda Gates Foundation . According to Berkshire, Buffett has given away shares valued at $ 37 billion in the past few years.
Tesla price shoots up: With this step, CEO Elon Musk wants to make the share more attractive
Update from August 12, 9:31 a.m.: The Tesla share is one of the absolute high flyers on the stock market this year. While the vast majority of car manufacturers suffered heavy losses in the first half of 2020 due to the pandemic, the e-car pioneer is in the black. In the second quarter, the Californian brought in an operating profit of 327 million dollars. That was the fourth quarter in a row.
Investors have celebrated Tesla stock accordingly. The Tesla rate has almost tripled since the beginning of the year . With a market capitalization of the equivalent of 227.1 billion euros, the company is worth more than twice as much on the stock exchange as the German car makers BMW, Daimler and Volkswagen combined.
Now Tesla is igniting the next stage. On Tuesday evening (August 11th) after the market closed, the Californians announced a 5: 1 stock split. For each share, Tesla shareholders will receive four new shares as dividends. The cut-off date for the stock split is August 21. The new papers will be posted to the securities account on August 28th and traded from August 31st.
Looking up in Model Y pic.twitter.com/iAfpJ491Zz
- Tesla (@Tesla) August 6, 2020Stock splits make share certificates look cheaper. This increases the attractiveness. Tesla also relies on it . With the split, the share should be "more accessible for employees and investors," wrote the company in a press release.
The announcement created a good mood among investors. In Frankfurt, the share rose in early trading on Wednesday by almost five percent to around 1240 euros.
Tesla: After the plant in Germany - Elon Musk is already planning the next mega project
Update August 10, 3:10 p.m. - The future location is expected to be in the north-east of the United States, Tesla CEO Elon Musk said in a podcast from Automotive News. Tesla is currently building a new plant in Grünheide near Berlin in Brandenburg. Another gigafactory is being built in Travis County near Austin in the US state of Texas . In "probably four years" construction work on the next Gigafactory would begin, said Musk.
The group is currently building its cars in Fremont / California and Shanghai . There is also a battery plant in Reno / Nevada and a factory in Buffalo / New York. Tesla mainly produces solar systems there.
In Grünheide, Tesla will initially manufacture the Model 3 mid-range sedan and the Model Y SUV from July 2021 . In the first expansion stage, 150,000 e-cars are to roll off the production line in the planned plant in Brandenburg. Production is to be increased to 500,000 units later. The plant should create around 10,500 jobs. In addition, there are new jobs at the suppliers.
With the e-car pioneer, the trend is clearly upwards. In the most recent quarter, Tesla posted a net profit of $ 104 million. That was the fourth quarterly profit in a row. Now the company is seen as a potential candidate for the S & P500 . It is considered to be one of the most important stock market indices in the world.
Elon Musk: Tesla boss with crazy conspiracy theory about pyramids - then he is ridiculed
Update from August 4th, 9.45am : According to Musk, "obviously aliens built the pyramids," writes the Tesla founder and head of the space company SpaceX on Twitter. Since then, the US billionaire's Twitter channel has been around. Around 27,000 Twitter users had commented on the tweet by Tuesday morning, and almost 550,000 people liked the tweet.
Aliens built the pyramids obv
- Elon Musk (@elonmusk) July 31, 2020The construction of the pyramids is actually scientifically somewhat clarified. According to research, the tombs were completed around 2500 BC. But the sheer dimensions of the pyramids at the gates of Cairo are still impressive today.
However, Musk's crude conspiracy theories weren't so well received by scientists. The world-famous Egyptologist Zahi Hawass recorded a video and posted it on YouTube. What Musk said about the pyramids is "hallucination". The pyramids were built by Egyptians. There is irrefutable evidence of this, such as inscriptions from the workers in the pyramids or in the graves of the construction workers, said Zahi Hawass.
Elon Musk: Egyptian minister wants to give billionaire tutoring lessons on site
The Egyptian minister Rania Al Mashat also turned to Musk. The former tourism minister wrote on Twitter that he and his Space X team have been invited to see for themselves.
Musk is famous for tweets that are often not meant to be serious. It was not until July 30 that the colorful Tesla founder had informed his followers about his relationship with Bill Gates. The rumor that he and the Microsoft founder are lovers, "is completely untrue".
Tesla: will Elon Musk soon become the highest-paid executive on the planet?
First report from July 13th: Munich - Tesla boss Elon Musk should be in a really good mood at the moment. * At the beginning of July, the electric car pioneer delighted investors with unexpectedly good delivery figures - and thus further heated up the share price. On Friday (July 10th) alone, Tesla shares climbed 10.8 percent to $ 1,549, marking a new all-time high. On Monday the paper rose another eleven percent to $ 1,710. This has been going on for months now. Anyone who had the share in their custody account a year ago can look forward to a price gain of over 550 percent.
The car manufacturer is now a real heavyweight on the stock market. The company now has a market value of the equivalent of 245 billion euros. For comparison: The three German car manufacturers BMW , Daimler and Volkswagen come together to just under 150 billion euros.
Tesla boss Elon Musk is getting richer
Tesla's rapid price increase not only brings investors massive price gains. Group boss Elon Musk, who most recently made headlines around the world with his other company Space X, is also making the development richer. Because if Tesla's stock market value stays above $ 150 billion on average over six months, the Tesla boss will receive additional stock options . Stock options give the holder the right to buy shares at a previously determined price up to an agreed date.
Unlike most other corporate bosses, Musk only receives stock options instead of a regular salary. Musk had already secured the first tranche in May when Tesla's stock market value exceeded $ 100 billion. Now the second installment is within reach. For this, the market value would have to remain above $ 150 billion by the end of July. Hardly anyone doubts that.
According to the contract, the colorful entrepreneur is allowed to buy 1.69 million Tesla shares per tranche at a price of 350.02 dollars each. At the current share price of 1549 dollars, there are currently around 1200 dollars in profit per share. With 3.38 million shares that would correspond to a bonus of around four billion dollars.
Tesla: Elon Musk can win more billions in bonuses
But even that might just be the beginning. Because after the option program decided by the Tesla shareholders in 2018, Musk can hope for a total of twelve tranches.
To do this, further key figures have to fall. Musk can secure around 1.69 million additional stock options once Tesla's stock market value averages over the $ 200 billion threshold for six months. In addition, bonuses beckon upon reaching annual sales of $ 30 billion or an operating profit of at least three billion dollars.
Tesla Q2 2020 Vehicle Production & Deliveries | Tesla, Inc. https://t.co/hgJDXLWmBg
- Tesla (@Tesla) July 2, 2020Analysts easily trust the company to do that. Just recently, for example, the Swiss bank UBS raised its estimate for Tesla sales in the current year by around three billion to 31 billion dollars. The experts see the operating result of the long-loss-making e-car manufacturer above the $ 3 billion mark in the coming year.
Elon Musk is on his way to becoming the best-paid manager in history
If so, Musk could become the highest-paid manager in history. He is already one of the richest people on the planet. The 20.8 percent he holds in Tesla alone is currently worth a good 50 billion euros. If everything is not wrong, there is still something on top.
In quick succession, the car giants BMW and Daimler present frightening numbers. At electrical pioneer Tesla, however, things are going great. Now Musk can look back on a successful mission for his space company SpaceX. After more than two months in the ISS, two NASA astronauts safely returned to earth in the "Endeavor" capsule. (Utz) * Merkur.de is part of the Ippen-Digital network
