Tesla's capitalization exceeded $ 1 trillion!

Tesla's capitalization exceeded $ 1 trillion!
Stocks
Mary Wild
Author:
Mary Wild
Published on: 28.10.2021 17:36 (UTC)
Post reading time: 0.78 min
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Tesla is the first carmaker to join the elite club of trillion-dollar companies

At the end of last week, Tesla published its financial report for the third quarter, after which the value of one Tesla share in just one day rose by $10 and crossed the psychological mark of $ 900, setting a historical record. As a result, Tesla`s market capitalization exceeded $908 billion.


Growth continued and Tesla`s capitalization exceeded $ 1 trillion, after it became known about the receipt of a large order from the car rental company Hertz.

Hertz`s decision to order 100,000 EVs by the end of 2022 showed, somewhat convinced investors that EVs are no longer a niche product and could become the mainstream vehicle market in the near future.


Tesla CEO Elon Musk has set a goal of increasing sales by an average of 50% annually, ultimately reaching 20 million a year. This will be more than double that of the current sales leaders Volkswagen AG and Toyota Motor.

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