Tesla surpasses $1 trillion valuation after Hertz order, Elon Musk’s wealth grows $36 billion

Elon Musk’s Tesla surpassed the $1 trillion market capitalization barrier on Monday, as the stock price climbed 12.66 percent on the back of a big order from vehicle rental juggernaut Hertz. Tesla now has a market capitalization greater than the top five BSE-listed corporations combined. According to the Bloomberg Billionaires Index, Elon Musk’s net worth has increased by a staggering $36 billion, extending his lead as the world’s richest person ahead of Amazon’s Jeff Bezos.

Apple, Amazon, and Microsoft are among the corporations with trillion-dollar market caps.

Tesla’s stock soared to more than $1,045 a share by lunchtime, a new high one trading day after the price broke the $900 barrier. The stock closed at $1,024 per share, up 12.66 percent.

Elon Musk, the CEO of Tesla, announced the achievement on Twitter a minute before the market closed.

Tesla Market cap more than RIL, TCS and more

On Friday, Tesla’s market capitalization on the NASDAQ index was $1.02 trillion, with a stock price of $1,024.86 a share. Meanwhile, the five most valued BSE businesses have a total market capitalization of Rs 51.67 lakh crore, or $688 billion ($1 = Rs 75.02). This includes Mukesh Ambani’s Reliance Industries Limited (RIL), which has a market capitalization of Rs 16.50 lakh crore and is the most valued firm on the BSE.

Elon Musk establishes his place as the world’s richest person.

Elon Musk has increased his lead over Jeff Bezos as the world’s richest person by $96 billion, with his net worth increasing by $36 billion in just one day to $289 billion. His net worth has increased by $119 billion so far this year. Meanwhile, after losing $751 million on Monday, Jeff Bezos’ net worth is now $193 billion.

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