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Tesla: Breaks the stock market record and surpasses Toyota

Tesla shares they hit red and became the most expensive car industry, managing to overcome them Toyota, Disney and Coca-Cola.

Tesla: Breaks the stock market record and surpasses Toyota

His electric car business Elon Musk exceeds it value almost every S&P 500 company, including some of its flagship industries America.

At noon on Wednesday, the company's shares fell increase 4%, they broke it record and each share touched them $ 1.134. With these prices, its market cap is almost high $ 210 million.

That put Tesla in the lead peak of the most valuable business on the planet, above and beyond Toyota. She also left behind the well-known soft drink company Coca Cola (KO), exceeding its purchase price, but also the Disney (DIS), Cisco (CSCO), Merck (MRK) and Exxon Mobil (XOM). Added to the list is the PayPal, created by the merger of another payment company, which was also founded by Elon Musk.

Its shares have risen sharply since the beginning of 2020, as investors are now more confident about the future of electric cars.

Tesla: Breaks the stock market record and surpasses Toyota

Of course, Toyota remains a much larger company, while last year it sold about 30 times more cars, with its profits being 10 times higher. In particular, the Japanese company sold 10.46 million cars by March and recorded revenue 30.2 trillion in currency Japanese. Tesla's sales, on the other hand, were limited to 24.6 billions, selling only 367.200 vehicles last year.

There are currently only three companies in the S&P 500 that are worth more than Elon Musk. One of them is AT&T Inc, to which it belongs CNN.

However, the earnings Tesla is not strong enough to secure a place in the S&P 500, but that may be a good start.


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