The stock price of Tesla, an electric car company in the US, is continuing to rise. Photo = REUTERS
The stock price of Tesla, an electric vehicle company in the United States, is continuing its high rise in the new year.
On the 6th (local time, Tesla’s stock price rose by more than 4.8% on the New York Stock Exchange during the intraday, and its market capitalization exceeded 730 billion dollars (about 793 trillion won). Tesla, which soared 740% last year, continues to rise in the new year. Tesla, which was included in the Poor’s (S&P) 500 index, is currently ranked sixth in terms of market cap.
On the other hand, Facebook’s share price fell 2%, and the market capitalization also shrank to $755 billion (about 821 trillion won). As a result, there is an expectation that Tesla will soon beat Facebook. If it surpasses Facebook, Tesla will be ranked in the top five of the S&P500 companies, following Apple with a market capitalization of $2.2 trillion and Microsoft, Amazon, and Alphabet, which are in the $1 trillion club.
Bloomberg News predicted that Tesla’s relative advantage would be further strengthened if the Democrats dominate the Senate. It is observed that if the Democratic Party becomes a majority party in both the Senate and the House of Representatives, Joe Biden’s next administration’s eco-friendly drive will gain momentum, and Tesla, the leading electric vehicle company, will be strengthened. Conversely, the pressure on Facebook, which has monopolized the digital advertising market, is likely to increase.
Bloomberg said, as the stock price rises day by day, Tesla’s CEO, Elon Musk, can also aim for the richest man in the world. Amazon’s founder Jeff Bezos ranks #1 in the Bloomberg Billionaires Index. Since October 2017, it has maintained the title of the richest man in the world.
As Tesla shares rose on that day, the asset gap between Musk and Bezos narrowed to the level of $3 billion. Bloomberg estimated Musk’s net worth at 11:40 am to be $184.5 billion (about 200 trillion won).
Sesung Oh, reporter of Hankyung.com [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution