{"id":104321,"date":"2021-01-08T15:30:39","date_gmt":"2021-01-08T15:30:39","guid":{"rendered":"https:\/\/fin2me.com\/?p=104321"},"modified":"2021-01-08T15:30:39","modified_gmt":"2021-01-08T15:30:39","slug":"tesla-market-value-crosses-800-billion-for-the-first-time","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/tesla-market-value-crosses-800-billion-for-the-first-time\/","title":{"rendered":"Tesla market value crosses $800 billion for the first time"},"content":{"rendered":"<figcaption>FILE PHOTO: A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS\/Tingshu Wang<\/figcaption><p>(Reuters) &#8211; Shares of Tesla Inc jumped as much as 5.6% on Friday, pushing the electric-car maker\u2019s market capitalization to more than $800 billion for the first time ever and inching closer to the trillion dollar club.<\/p>\n<p>Tesla\u2019s stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc\u2019s top boss Jeff Bezos to become the world\u2019s richest man, Bloomberg News reported on Thursday.<\/p>\n<p>At today\u2019s session high, Musk\u2019s 21% stake in the automaker as per Forbes contributes more than $170 billion to his net worth, dwarfing the combined market capitalization of General Motors, Ford Motor Co and Fiat Chrysler Automobiles, the three Detroit automakers.<\/p>\n<p>In the previous session, Tesla\u2019s market value crossed $774 billion, making it Wall Street\u2019s fifth most valuable company, just behind Google-parent Alphabet Inc and ahead of social media giant Facebook Inc.<\/p>\n<p>The company\u2019s fortunes is an anomaly as the 17-year-old automaker has production that is just a fraction of large rivals by sales such as Toyota Motor, Volkswagen and General Motors.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/tesla-stocks\/update-1-tesla-market-value-crosses-800-billion-for-the-first-time-idUSL4N2JJ307\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS\/Tingshu Wang(Reuters) &#8211; [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":104320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla market value crosses $800 billion for the first time - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/tesla-market-value-crosses-800-billion-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla market value crosses $800 billion for the first time - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. 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