Last updated on December 8th, 2022 at 02:44 pm
If Tesla shares continue to rise in price at the same pace, then in a week it will cost a trillion dollars
Tesla shares continue to rise in price, and they rise in price very quickly: if yesterday they gave 745 dollars for one security, then today they are already about 880 dollars. As a result, in just about a day, the company’s capitalization increased from 773.5 to 834.7 billion. Essentially, Tesla’s value is increasing by roughly 60 billion per day for two days in a row!
Tesla is already more expensive than Facebook, and soon may overtake parent company Google in capitalization
As a result, Tesla has already surpassed Facebook in value: according to current NASDAQ data, it costs “only” 762.1 billion dollars. For comparison, now the price of one Facebook share is $ 268 …
If Tesla continues to grow at the same rate (or even slightly slower), then by the end of next week it will become a trillion-dollar company. Tesla has already entered the top 5 most expensive companies in the United States (before that Facebook was in fifth place). In addition to her, Alphabet Inc (1.185 trillion as of the fourth quarter of 2020), Amazon (1.634 trillion), Microsoft (1.682 trillion), and Apple are also in the first place with 2.254 trillion. Tesla’s next target is Alphabet, Google’s parent company. Here, of course, you can make different assumptions about when they will change places in the rating, but something suggests that it will be sooner rather than later.
