New York (CNN Business) Elon Musk's electric car business exceeds the value of almost every company in the S&P 500, including some iconic American companies.
Tesla TSLA . Shares ofwere up 4% in midday trading Wednesday to a new record high of above $1,120 a share. At that price, Tesla's market cap is nearly $210 billion
AT&T T PayPal PYPL Now there are only 19 companies in the S&P 500 worth more than Tesla. One of them is CNN owner. Tesla is also worth more than-- a company that was formed from the merger of another payments company co-founded by Musk.
vasilenko93 on July 2nd, 2020 at 20:06 UTC »
Tesla:
Worth: 200 Billion Yearly revenue $30 BillionToyota:
Worth: 200 Billion Yearly Revenue $250 Billionmlj013 on July 2nd, 2020 at 15:47 UTC »
This is also only weeks after Elon Musk himself said Tesla's stock price is too high...like what?
SunGlassBitch on July 2nd, 2020 at 13:36 UTC »
Ok, so I clearly don’t understand the nuances of this article, but there’s no way Tesla is actually worth more than Disney, right?