Billionaire Elon Musk becomes richest man in the world.


Duane A. Laverty / AP / SIPA

Tesla's stock market valuation surpassed $ 800 billion on Friday (January 8) for the first time, putting the electric car maker ahead of Facebook in terms of heavyweights on Wall Street.

For the eleventh session in a row, the title Tesla pranced on the New York Stock Exchange, gaining nearly 8% in the morning, after having advanced almost as much the day before.

While the stock is worth more than $ 800 a unit, the group was worth $ 826 billion against $ 752 billion for Facebook, according to figures from the Bloomberg agency.

The largest capitalization on the New York Stock Exchange today is that of Apple, which is worth $ 2.206 billion, and is followed by Microsoft (1.648 billion), Amazon (1.586 billion), Alphabet / Google (1.200 billion ) and now from Tesla.

A fortune of more than 188 billion dollars

The electric vehicle maker's title push made its boss Elon Musk the richest man in the world on Thursday ahead of Amazon founder Jeff Bezos.

Elon Musk, 49, who also runs SpaceX, controls an 18% stake in the high-end automaker, bringing his fortune to more than $ 188 billion, according to calculations by Bloomberg, which maintains a ranking billionaires.

In mid-December, the multi-billionaire's group experienced its stock market consecration by joining the prestigious S & P 500 index, bringing together the 500 largest listed companies in the United States.

By joining the S&P 500, the Tesla share was systematically included in listed index funds (exchange-traded funds or ETFs), which passively follow the fluctuations of the index, which further boosted the stock.

How strange

- Elon Musk (@elonmusk) January 7, 2021

Less than 500,000 cars sold in 2020

However, the group's sales remain far from traditional manufacturers: Tesla only sold 499,550 cars in 2020, far for example from Volkswagen and its 11 million vehicles sold in 2019. “How strange. . ”, Reacted the wealthy and whimsical boss of Tesla Thursday on Twitter by learning to be classified the richest man on the planet.

“Let's go back to work…”.


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