Electric vehicle maker Tesla surpassed Facebook by market capitalization after markets opened Friday. From a report: Tesla’s stock jumped about 5.5% at 9:03 a.m. ET to give it a market cap of $802.6 billion, while Facebook stock dipped. Facebook now has a market cap of about $755.8 billion. The jump makes Elon Musk’s automotive venture the fifth biggest company in the…
Tag: S&P 500
Bitcoin Surges 50% in Just One Month. CNN Ponders ‘Insane’ Record Run
The price of Bitcoin increased 50% — in the last four weeks. Now priced at $26,579, “Bitcoin is crashing — upward,” quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa or Mastercard. Or Walmart… Its rapid rise has been remarkable — or insane, depending on…
Electric-Car Companies Now Comprise Half the Worth of the World’s 10 Most Valuable Automakers
An anonymous reader quotes a report from Bloomberg: Electric-car companies are suddenly worth half of the total market capitalization of the world’s 10 most valuable automakers. That’s because money managers sized up the convergence of government policies and people’s preferences combating climate change and made alternative energy their biggest bet. Much was achieved by Tesla Inc., the Palo Alto maker of…
Elon Musk Would Consider Having Tesla Acquire a Legacy Automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Dopfner. From a report: Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses, notably SpaceX and…
Tesla is Now Worth Half a Trillion Dollars
Surging Tesla shares have pushed the company’s market capitalization to more than $515 billion, a fivefold increase since the start of the year. From a report: The traditionally volatile stock has continued to experience price swings. But since reaching a low for the year in March, Tesla’s share price has been on an upwards trajectory that accelerated in August. Tesla’s share…