Tesla boss Elon Musk tweeted some time ago that he wanted to part with all "physical belongings". Obviously, that doesn't mean that he doesn't value money. When the electric car manufacturer he led was valued on the stock market for the first time on Monday at a trillion dollars, he cheered it with the tweet "Wild $ T1mes", a modified form of "wild times" with the "T1" for "One Trillion" “, So a trillion. Reaching that mark also had an impact on Musk's personal wealth. On the "Bloomberg Billionaires Index" he is now in first place with a fortune of 289 billion dollars. This alone Musk's wealth is now greater than the market capitalization of Toyota, the second highest rated automaker in the world after Tesla.Tesla is now worth more on the stock market than the next nine largest automakers in the world.

Markus Frühauf

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Martin Hock

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Roland Lindner

Business correspondent in New York.

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Tesla reached the trillion mark on Monday with the share price rising by almost 13 percent to around $ 1,025; on Tuesday in early trading, the price rose further to $ 1,070. The announcement by the car rental company Hertz that it intends to buy 100,000 Teslas worth more than four billion dollars contributed to the boost. In addition, stock analyst Adam Jonas of Morgan Stanley revised his price target for Tesla upwards from $ 900 to $ 1200 on Monday. He now expects that Tesla will be able to sell more than eight million cars a year by 2030, previously he had assumed just under six million. This year, Tesla will probably only deliver around 900,000 vehicles. The Morgan Stanley analyst is one of the most optimistic Tesla observers on Wall Street with his price target.

Tesla's milestone on the stock market came just days after the company released better-than-expected quarterly results. It reported a record profit of $ 1.6 billion, beating the previous record set just a quarter earlier. Tesla struggled with losses for years, but now has a whole series of profitable quarters behind it. And finally, these profits no longer depended on the pollution rights business, as they did before. Tesla gets these certificates from governments for the production of electric cars and then sells them to competitors. It is a lucrative business, but its importance has often been overstated recently. Critics have repeatedly said that Tesla uses this income to finance the deficit car production.As the competition catches up, this source of income will dry up and the bad end will come. In fact, pollution rights revenues in 2020 amounted to only 6 percent of automobile sales. And the gross profit of the auto division was around four times that of $ 6.6 billion.

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