Tesla’s market cap now more than top 5 BSE companies combined; Elon Musk’s wealth grows $36 billion

Tesla market capitalization greater than RIL, TCS and more

Tesla’s market cap on the NASDAQ Index was $ 1.02 trillion at the close, with the share price standing at $ 1,024.86 per share. Meanwhile, the combined market cap of the 5 most valuable BSE companies stands at Rs 51.67 lakh crore or $ 688 billion ($ 1 = Rs 75.02). This includes Reliance Industries Limited (RIL) of Mukesh Ambani, the highest valued company on BSE with a market cap of Rs 16.50 lakh crore.

Other BSE companies whose market cap has been eclipsed by Tesla include Tata Consultancy Services with a market cap of 12.91 lakh crore, HDFC Bank at Rs 9.17 lakh crore, Infosys at Rs 7.24 lakh crore and ICICI Bank with a market capitalization of Rs 5.8 lakh crore.

Since the end of May this year, the Tesla share price has climbed 64%. Hitting a 52-week high of $ 1,045 per share on Monday. The stock’s current rise came after Hertz Global Holdings handed Tesla its largest ever order for 100,000 electric cars. According to Reuters, the order will mainly be for the Model 3, which is also the best-selling vehicle in Europe. Although diluted P / EPS before extra (tracked), Tesla is valued at 296.2x, but analysts remain constructive on the stock, with most analysts recommending that investors “hold” the stock, according to data provided by S&P Capital IQ.

Tesla has now become a company with a trillion dollar market cap.

Electric car maker Elon Musk’s company Tesla achieved a new milestone on Monday. Tesla has now become a company with a trillion dollar market cap. Tesla Inc. stock rose 12.66% on Monday. The biggest reason behind this boom is Tesla getting its biggest order ever from rental car company Hertz. With this jump in market cap, Tesla’s valuation has exceeded that of the top 5 BSE listed companies. According to the Bloomberg Billionaires Index, with the rise in the share price of Tesla Inc., Elon Musk’s net worth has also increased by a whopping $36 billion (Rs 2.71 lakh crore). With this increase, Musk has overtaken Amazon’s Jeff Bezos.