Tesla Market Cap Surges past $100 Billion — 2nd most valuable car company in the world after Toyota

[Deactivated] on 23/01/2020 - 23:30
Last edited 23/01/2020 - 23:30

Wouldn't have thought, but there you go, Tesla is now the 2nd most valuable car company in the world.

Tesla's stock price surged more than 5 percent yesterday, boosting its market cap to more than $100 billion, making it more valuable than Volkswagen. The electric automaker is now second only to Toyota. CEO Elon Musk doesn't accept a salary from Tesla. He receives a very generous and ambitious stock compensation plan instead. For every $50 billion rise in Tesla's market cap, Musk receives 1.69 million shares, which is currently worth around $1 billion. If Tesla reaches its goal of a $650 billion market cap, Musk's stake in the company would be worth $195 billion, making him the richest man in the world.

https://electrek.co/2020/01/22/tesla-tsla-market-100-billion…

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Comments

  • Numlock on 24/01/2020 - 00:00
    +5

    shoulda listened to Elon's cult following and not the financial analyst fools

    • lubos on 24/01/2020 - 01:44

      Don't feel bad about missing out. I was considering to buy Tesla 2 months ago when Cybertruck was announced and Tesla stock has dropped. Mostly because sentiment on Hackernews has been always good. Still chickened out. And I did chicken out when bitcoins were 90 cents because I thought they might reach $1 but then 10% gain was not worth the risk :-) Such is life.

      • Numlock on 24/01/2020 - 09:45

        SOrry, I meant to say I am one of those cult members.

    • Bid Sniper on 24/01/2020 - 09:36

      I wanted to buy in at 2015 after at test drove the Model S. Analyst all where skiddish and even Elon said it was over valued, at $200…

  • payton on 24/01/2020 - 00:09

    making him the richest man in the world.

    still a self-aggrandizing, insufferable dickwad

    • HardlyCharly on 24/01/2020 - 00:38
      +5

      Don't care, genius has a price, you don't have to like him. One can't be in the position he is in and maintain being a well-rounded down to Earth individual. Hell, the majority of normal people can't manage to do that.

      • TheBilly on 24/01/2020 - 08:50
        +2

        The funny thing is. He actually is still well rounded and down to earth.

        • abb on 24/01/2020 - 10:09

          Damn, I would hate to see the kind of person you think is not…

          Remember when he (repeatedly) called an expert cave rescue diver a pedophile, just because the diver didn't fawn over Elon's long hard pipe?

          • TheBilly on 24/01/2020 - 10:30

            @abb:

            Remember when he (repeatedly) called an expert cave rescue diver a pedophile

            No I don't.

            But I just googled it and the first few articles show that it was a social media back and forth.

            Musk made a public comment about a submarine, the diver publicly criticized the comment, musk got upset and called him a pedo.

            Guy said something, another guy gave him an opinion, the first guy then insulted him because he didn't like it.

            I think they both signed up for it.

    • TheBilly on 24/01/2020 - 08:49
      +1

      Really? … Whatch some of his motivational entrpeneur clips on YouTube. He's probably the most relatable billionaire to the average man. Look past channel 9s 5 second clips of him saying one word.

      • elgrande on 24/01/2020 - 11:29

        He's probably the most relatable billionaire

        I am guessing he responded to one of your tweets?

    • payless69 on 24/01/2020 - 09:30
      -6

      Not yet! Think he is still married, just wait for his current bitch to make some noise. When Jeff Bezos announced his divorce, the boulevard press told their readers that MacKenzie Bezos was eligible for 99 billions. She appears to be such a nice chick and only stripped a small part of him. If she ever crosses my path I will propose to her. The worst she can do is say no. Perhaps I am not keen in living in cold and boring Washington State. Elon is sure just another nerd. The only thing I ever bought from Amazon is an echo dot and a spot. Eventually I will buy a Tesla model 3! Perfect penis extender…..

      https://www.businessinsider.com.au/jeff-bezos-lost-10b-2019-…

  • whooah1979 on 24/01/2020 - 00:14

    If Tesla reaches its goal of a $650 billion market cap, Musk's stake in the company would be worth $195 billion, making him the richest man in the world.

    This sounds like a pyramid.

    • pyramid on 24/01/2020 - 06:39
      +8

      I'm here.

  • HardlyCharly on 24/01/2020 - 00:41
    +1

    Cool I guess. I'm glad electric vehicles haven't been beaten back by lobbying dollars and brain-dead conservatives. I myself will be waiting for the next battery break-through before I go electric.

    • Numlock on 28/01/2020 - 08:13

      I myself will be waiting for the next battery break-through before I go electric

      For what? Don't be a sad sap and just say you can't afford it.
      I get great mileage from Teslas and Hyundai electric.

  • t_c on 24/01/2020 - 06:30

    I recall seeing Eisman on youtube saying he was shorting tesla. ouch…

  • Ryanek on 24/01/2020 - 08:32
    +4

    You can just imagine all the auto execs in a room laughing at Elon when he launched his electric car company.

    Now they're all trying to catch up.

  • Bid Sniper on 24/01/2020 - 09:31

    TSLA stock price going to the Moon, Elon going to Mars…

  • payless69 on 24/01/2020 - 10:35
    -3

    1 Toyota, (ex sawing machines), 2 Tesla, a South African refugee, Volkswagen ha ha ha ha…

    Imagine dumbos in VW had built diesel cars that were online 24/7 like the Tesla. Could have shot a "Security Patch" over and pulled arms up saying: Software issue, what software issue???

  • daclaw on 24/01/2020 - 11:05
    +2

    Posts like this sounds like the peak - short $TSLA

    • t_c on 05/02/2020 - 10:06

      If you did looks like you might wanna get a 6 figure salary to cover that margin call.

  • shaybisc on 25/01/2020 - 08:15

    Battery electric cars are old tech aren't they? Looks like the visionary is stuck in the past re hyydrogen.

    • Numlock on 28/01/2020 - 08:14

      Looks like the visionary is stuck in the past re hyydrogen.

      Alright Diesel boy.

  • rektrading on 03/04/2022 - 18:51

    2Y and $1.1209T Mcap.

    ICE and other EV have no chance of catching up with TSLA.

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