• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
Nairametrics
No Result
View All Result
Home Markets Market Views
Elon Musk's Tesla now worth $834 billion, bigger than Facebook

Elon Musk’s Tesla now worth $834 billion, bigger than Facebook

Olumide Adesina by Olumide Adesina
3 years ago
in Market Views, Spotlight
Share on FacebookShare on TwitterShare on Linkedin

Fast-rising electric vehicle company, Tesla recently surpassed Facebook by market capitalization at the most recent trading session.

Tesla stock rallied more than 7%, bringing its market value to $834 billion. Facebook, meanwhile, closed at a market capitalization of $762 billion

READ: Elon Musk, first billionaire ever to be worth over $200 billion

Such surge places Elon Musk’s automobile company as the fifth-biggest company in the U.S stock market index when considering the share classes of Alphabet. It is now just behind Apple, Microsoft, Amazon, and Alphabet.

READ: Billionaires worth over $100 billion made $270 billion in 2020

What you should know:

  • About a fifth of the car company’s shares is presently owned by the Chief Executive, Elon Musk, and other insiders.
  • Elon Musk is now worth $209 billion. It’s important to note that the fastest rising billionaire keeps 8.9% of his wealth ($18.7 billion) in private assets and most of his wealth comes from Tesla, the most valuable car company which he founded over a decade ago.
  • Elon Musk’s Tesla holdings are presently worth $150 billion.
  • Stock experts anticipate a Democratic-controlled U.S Senate is bullish for Tesla, on the bias that there would be more pro-renewable investments at least for the next few years.

READ: Short term buyers beware! Bitcoin drops $3000 in a few mins

The electric car maker shares gained nearly 25% this week, far outperforming the S&P 500 and Dow Jones Industrial Average, which rallied by 1.8% and 1.6% for the week, respectively.

Tesla’s stock was in part helped by recent reports revealing the Democrats will gain control of the U.S. Senate after runoff elections in Georgia some days back.

Tesla has gained more than 24,000% since its 2010 initial public offering, including a 5-for-1 stock split in 2020.


Download Nairametrics App for breaking news and market intelligence.
   
Tags: AmazonAppleElon MuskFacebookFeaturedMicrosoftTesla
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Comments 1

  1. Mahmood ibrahim says:
    January 10, 2021 at 12:24 pm

    Hi am intrested

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
HFM
Glo
Kwakol
Abbey
Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • FG spends N3 million feeding 4,000 inmates daily — Tunji-Ojo
  • Economic growth in Nigeria hampered by critical infrastructure gaps – report
  • Naira drags lower despite U.S dollar index hitting a three-month low

Follow us on social media:

Recent News

Ministry of Interior to review Nigeria’s immigration and visa policy  

FG spends N3 million feeding 4,000 inmates daily — Tunji-Ojo

November 29, 2023
infrastructure gaps,

Economic growth in Nigeria hampered by critical infrastructure gaps – report

November 29, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In