Elon Musk has suggested his Tesla electric car company could become the world’s largest by market value.
Elon Musk’s latest Twitter post isn’t about a SpaceX rocket or geek joke. This time, the Tesla boss is serious. He announces that the company could become the largest in the world “Probably in a few months”. He speaks here of stock market value, and not of production. Tesla sold 500,000 vehicles in 2020, against 10 million for the No. 1 Toyota.
However, his tweet didn’t stay online for long. While Musk is free to post, an official quickly deleted his post as Tesla’s boss remains under surveillance. Since 2018, he has been in the sights of the SEC for manipulation of stock prices. It all started with a tweet, where he announced that Tesla had the means to become a private company.
This new tweet could therefore be considered as a new attempt to stimulate Tesla’s price, with its 50 million subscribers. After peaking at over $ 880 in January, it is settling around $ 600 today.
Tesla still far from Apple
However, Tesla’s share will have to exceed $ 2,000 to catch up with Apple. Indeed, the apple firm now exceeds 2,000 billion dollars (2 trillion!). In the stock market ranking, the manufacturer is “only” 10th globally. It will therefore have to double Facebook’s $ 806 million, Amazon’s 1.540 billion or Aramco’s 1.874 billion.
In addition, a rise in the price of its rivals is not impossible. Volkswagen has doubled its value in 6 months, especially after its battery-related announcements during Power Day.