The market capitalization of the American electric car manufacturer, Tesla, of the billionaire Elon Musk, exceeded, Wednesday, that of all the companies of the index S&P 500, including certain emblematic American companies.
Tesla shares rose 4% at noon on Wednesday to reach a new high of over $ 1,120 per share. At this price, Tesla’s market capitalization is almost $ 210 billion.
This makes Tesla the most valuable automaker on the planet, ahead of Toyota. Tesla also exceeded the market capitalizations of components of the Dow Jones stock index, such as Coca-Cola, Disney, Cisco and Exxon Mobil.
Now there are only 19 companies in the S&P 500 worth more than Tesla. Among them, the media and telecoms giant AT&T, owner in particular of the CNN chain. Tesla is also worth more than PayPal, a company formed out of the merger of another payment company co-founded by Elon Musk.
Tesla is not always profitable enough to join the S&P 500. But it may be approaching this stage.
Optimism about electric vehicles isn’t limited to Tesla. Shares of electric truck maker Nikola have soared since the company went public in June through a merger with a publicly traded financial company. Nikola is now worth almost $ 25 billion, more than Ford.
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