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The heart of the stock market:
Tesla logo on the wheel of an exhibition car
Photo: Aly Song / REUTERS
Elon Musk
(50) cannot quite grasp it himself. "Wild times," the Tesla boss commented on Twitter that the stock market value of his auto company broke the one trillion dollar mark on Monday. He thinks the news of the major order from the car rental company Hertz for 100,000 cars as a course driver is "strange". After all, Tesla has not yet lacked demand for its products, only the capacity to meet this demand. From a purely mathematical point of view, there is a huge disproportion, as "Bloomberg" notes: The value of the Hertz contract (not the profit expected from it) amounts to $ 4.4 billion, but Tesla's price gain on Monday alone was more than $ 100 billion. The electric car company was already ahead of the competition on the stock exchange,now it is advancing into completely new spheres.
Tesla is now worth more on the stock market than the next nine largest automakers combined. The increase in value on that one day alone is greater than the total market capitalization of Daimler - and that is still one of the top 5 stock corporations in the automotive industry with market values in the twelve-digit dollar range. Mass manufacturers such as Ford, Hyundai or Renault (with nine billion dollars no longer included in our chart): all of them were also included.
With his roughly 23 percent stake in Tesla shares, CEO Musk himself now weighs more than 230 billion dollars - almost as much as the entire stock market value of Toyota, the strongest representative of the old car world. That alone would be enough to make him the richest man on earth, but his other investments, such as those in the space company SpaceX, are not even included.
Musk's virtual wealth is likely to grow in the near future, even if the stock price is frozen at that level.
With the most recent quarterly profit, he has reached another milestone for his multi-billion dollar bonus program, which he negotiated years ago, which entitles him to purchase stock options at a price of $ 70 each instead of the current more than $ 1,000.
Only one milestone is still missing, but it is also in sight: The Tesla rate has to stay above $ 650 for six months in a row.
As crazy as the climb seems, Musk himself had already declared the extremely ambitious plan to be quite realistic at the beginning of 2018.
He saw the potential for Tesla to be worth a trillion dollars, he told the New York Times at the time - but within ten years.
It wasn't even four now.
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