Tesla is more expensive than 1 trillion dollars!

Tesla is more expensive than 1 trillion dollars!

FineAuto

The market value of Tesla has surpassed the $ 1 trillion mark at the New York Stock Exchange. This is evidenced by the trading data.

Shares of the American electric car manufacturer Tesla rose on Monday, October 25 amid a deal with Hertz car rental service for the supply of 100,000 electric vehicles. The share price growth exceeded 9%, which ensured that Tesla crossed the $ 1 trillion threshold.

Hertz is one of the world’s largest car rental companies. She ordered mostly Tesla Model 3 electric vehicles from Tesla.

Thus, Tesla, along with Apple, Microsoft, Amazon and Alphabet, entered the list of companies whose market value exceeds $ 1 trillion. However, Tesla is still far behind the market leaders. For example, the market value of Apple reaches $ 2.46 trillion, and Microsoft – $ 2.3 trillion.

At the same time, Tesla set a record for the speed of overcoming the $ 1 trillion mark: the electric car manufacturer took less than 18 years to do this (Tesla was founded on July 1, 2003).

Earlier it was reported that the revenues of the Tesla brand in the third quarter of 2021 grew by 57% compared to the same period in 2020 and amounted to $ 13.75 billion. Operating profit reached 14.6% against 9.2% last year, according to the company’s financial statements.

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