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)

17 thoughts on “Elon Passes Zuckerberg as Tesla Nears $500 Billion”

  1. As with the Princess Diana Mercedes crash, it's actually a remarkable demonstration of how good the vehicle really is.

    The driver of the vehicle was unharmed and fled the scene 

  2. 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?

  3. "car people" who are never satisfied with anything unless it has a stick and a thunderous roar.

    Ah. Well. What we ….. I mean….

    OK. You got me there.

  4. 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.

  5. Context is everything.


    1. accompanying but not a major part of something.

    Revenue is the cake, growth et al is the icing on the cake, profit is the cherry on the cake.

  6. Incidental? You managed to use completely the opposite of the correct word. Incidentally means unintentionally. Profit IS the intent.

  7. 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"

  8. "Telsa could make 1.2 to 1.5 million cars…Tesla should become a trillion-dollar company before the end of 2021"

    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."

  9. 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.

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