• Elon Musk surpasses Jeff Bezos and becomes the richest in the world

  • Facebook, Elon Musk deletes Tesla and SpaceX accounts

  • Tesla, the SEC accuses Elon Musk of fraud

  • Tesla, Elon Musk announces the car with low cost batteries

  • Visionary billionaire Elon Musk again: sells flamethrowers for the apocalypse and they sell like hot cakes


January 08, 2021 Electric vehicle maker Tesla has overtaken Facebook by market capitalization.

Tesla's stock was up roughly 5.5% to a market cap of $ 802.6 billion, while Facebook's stock fell to a market cap of around $ 755.8 billion.

The leap makes Elon Musk's auto firm the fifth largest company in the large-cap benchmark, preceded only by Apple, Microsoft, Amazon and Alphabet.

Tesla became the first $ 100 billion US automaker to go public in January 2019. Just 10 months later, the company surpassed its market capitalization of $ 500 billion, while its shares gained more than 700% in the 2020.

Tesla's shares rose this week following a bullish note from Morgan Stanley analyst Adam Jonas who yesterday led founder Elon Musk to become the richest man in the world by dethroning Jeff Bezos.

The company joined the S&P 500 in December, ending a year full of performance.

At current values, equal to 778% more than a year ago, Tesla is worth almost 7 times FCA, GM (61.1 billion) and Ford (35.2 billion) combined.