Elon Passes Zuckerberg as Tesla Nears $500 Billion

Tesla is worth $480 billion and Elon Musk is worth about 20% more than Mark Zuckerberg. Another 10% move in Tesla stock will send Elon Musk past the net worth of Bill Gates ($128 billion).

SP Global announced Tesla is going to be added to the SP500. This will likely be added in two parts. Half on December 14 and the rest in the actual rebalancing in January. This will all be added by December 21.

Tesla has increased production of the Model 3 at the China factory and is ramping Model Y production in China. This should mean very good car production numbers will be announced in the first days of January, 2021. If there are over 200,000 cars produced and delivered in Q4 then Tesla will surpass 500,000 cars for 2020.

A ramped China Model X and Model Y production will have Tesla China producing over 550,000 cars by themselves in 2021. Fremont should also produce 550,000 to 600,000 cars in 2021. Tesla Berlin and Tesla Texas will also be completed and start production in early and mid-2021. Telsa could make 1.2 to 1.5 million cars in 2021.

Tesla should be making significant quantities of the Cybertruck, 4680 batteries and the Tesla Semi in 2021.

If those events occur, Tesla should become a trillion-dollar company before the end of 2021 and Elon Musk should pass Jeff Bezos as the richest person in the world in 2021.

There will also be new releases of the full self-driving software.

SOURCES- Google Finance, Tesla
Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)