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)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
17 thoughts on “Elon Passes Zuckerberg as Tesla Nears $500 Billion”
Emperor God of the Earth and Mars…
As with the Princess Diana Mercedes crash, it's actually a remarkable demonstration of how good the vehicle really is.
OK, so you know what the words mean. Now how did you reach the opposite conclusion of 99% of business analysts?
Unless you mean that "current" profit isn't important because what really matters is the net present value of future profits, which can be predicted from a growing revenue stream.
But surely, you still need a gross profit margin there?
Ah. Well. What we ….. I mean….
OK. You got me there.
Consumer reports is corrupt btw
But as always paid trolls here will keep trying to bring Tesla down even though it is hopeless for them
I predicted Tesla becoming the largest car company and Elon the richest man alive 2 years ago when my Tesla stock holding was just 10 K now it is 120K.
In other news, a high speed tesla crash sent hundreds of flaming batteries into the air starting at least two house fires.
Context is everything.
Revenue is the cake, growth et al is the icing on the cake, profit is the cherry on the cake.
Incidental? You managed to use completely the opposite of the correct word. Incidentally means unintentionally. Profit IS the intent.
Yes, profits are incidental.
You can value it based on profits if that your preference.
Are you comparing a company's value to their revenue?
That's not how value is calculated. It depends on profit.
And stock price is usually a function of profit, growth rate, and, admittedly, "animal spirits"
or a lot of people could get hurt.
Tesla's 2019 revenue 24.6 billion
FB's 2019 revenue 70.7 billion
Amazon's 2019 revenue 280.5 billion
Volkswagen Group's 2019 revenue 299.82 billion
Volkswagen Group's production units 10.97 million vehicles
Volkswagen Group's market cap 79.583 billion
"…Consumer Reports is no longer recommending Tesla's Model S and is panning the reliability of the new Model Y…The Model 3 electric sedan is now the only Tesla vehicle Consumer Reports recommends for consumers."
The full article is paywalled but CR, as far as satisfaction, says: "Tesla, Genesis, Porsche, and Subaru are again among the top brands."
And that is the same source you quote:
Ultimately, costumer satisfaction drives sales…not a bunch of "car people" who are never satisfied with anything unless it has a stick and a thunderous roar.
You guys have four models I think, not impressive. No one heard about that index. Their site has a big I accept cookies block on their page.
Survey of 13,000 owners puts Model 3 at the top of "executive cars": https://www.whatcar.com/news/2020-what-car-reliability-survey-executive-cars/n20054
While meantime dark clouds are looming over the horizon. It is not enough to build break through cars if they are not reliable, especailly in the luxury market…
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