How did Elon Musk get so rich? Tesla is worth half a trillion dollars on the stock market

While it wasn’t obvious how Elon Musk became the second richest man in the world after being only 35th on the list of billionaires earlier this year, well Tesla has enjoyed a huge increase in the last months. Today, the company has exceeded a market value of over 500 billion US dollars, or half a trillion dollars.

Tesla is the most valuable car company in the world

Tesla is already the most valuable car company in the world, but now it is becoming one of the most valuable companies of any kind. After a 4.6% increase yesterday, Tesla reached a market share of 545.62 billion dollars, sending Elon Musk’s fortune to a value of 128 billion dollars. It was estimated at “only” $ 7.24 billion earlier this year, when Tesla reached a 2020 minimum.

Tesla stock prices have risen in the past few months and due to the fact that in December, the company will be added to the S&P 500 index. further the value of the company, which will lead to the sale of other shares of companies that are not part of the S&P 500.

If two years ago, companies barely exceeded the $ 1 trillion in stock market for the first time, already this year, Apple, Amazon and Microsoft, all companies that have exceeded this value in recent months, are already preparing to exceed 2 trillion dollars.

Erin Smith
As our second lead editor, Erin Smith  provides guidance on the stories Nomad Labs reporters cover. She has been instrumental in making sure the content on the site is clear and accurate for our readers.  If you see a particularly clever title, you can likely thank Erin. Erin received a BA and an MA from CSUF.