Tesla joins the club of big companies

Tesla Value

Among the most relevant news, the car rental company Hertz announced that it has ordered 100,000 new electric vehicles. Tesla thus joins Apple, Microsoft, Amazon and Google's parent company, Alphabet, as the only U.S. companies worth more than one trillion dollars in market value.

The automaker is now the second fastest company to reach this mark. In addition, it is the first company to be rated garbage to reach that valuation. The wealth of the company's CEO Elon Musk, has also skyrocketed along with the latest stock price rise. Moreover, since August 2018, Tesla has conducted four stock offerings raising a total of more than USD 13 billion. That one was used to increase car production capacity through the creation of different factories globally.

Bloomberg chart and Tesla's value.

Today, Bloomberg's billionaires list says that Musk is the richest person in the world. He currently has a net worth of USD 288.6 billion, consisting mainly of Tesla shares. Jeff Bezos ranks second with USD 192.6 billion, mostly Amazon shares. Musk's fortune was far behind Bezos last year. However, so far this year the rise of more than USD 118.9 billion has put him in first place.

To put in context, Tesla's current market valuation exceeds the sum of the nine other largest vehicle companies.