"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-06-09T18:07:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/06/09/elon-musk-tesla-ipo-v2-2010-vault-orig.cnn"
data-branding-key="vault-by-cnn"
data-video-slug="elon musk tesla IPO v2 2010 vault orig"
data-first-publish-slug="elon musk tesla IPO v2 2010 vault orig"
data-video-tags="automakers and manufacturing,automotive industry,banking, finance and investments,business and industry sectors,business figures,business, economy and trade,companies,elon musk,financial markets and investing,financing and stock offering,initial public offering,tesla inc"
data-details="">
Video Ad Feedback
In 2010, Elon Musk had big plans for Tesla. Listen to his predictions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-06-09T18:07:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/06/09/elon-musk-tesla-ipo-v2-2010-vault-orig.cnn"
data-branding-key="vault-by-cnn"
data-video-slug="elon musk tesla IPO v2 2010 vault orig"
data-first-publish-slug="elon musk tesla IPO v2 2010 vault orig"
data-video-tags="automakers and manufacturing,automotive industry,banking, finance and investments,business and industry sectors,business figures,business, economy and trade,companies,elon musk,financial markets and investing,financing and stock offering,initial public offering,tesla inc"
data-details="">
Video Ad Feedback
In 2010, Elon Musk had big plans for Tesla. Listen to his predictions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-24T20:52:12Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/24/flying-tesla-echo-park-jordan-hook-alex-choi-js-orig.cnn"
data-branding-key="nightcap"
data-video-slug="flying tesla echo park jordan hook alex choi js orig"
data-first-publish-slug="flying tesla echo park jordan hook alex choi js orig"
data-video-tags="california,companies,continents and regions,internet and www,los angeles,north america,social media,southern california,southwestern united states,technology,tesla inc,the americas,united states"
data-details="">
Video Ad Feedback
Did you see the viral flying Tesla? It wrecked this man's car
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-10T17:20:16Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/10/tesla-autopilot-law-enforcement-crash.cnn-business"
data-branding-key=""
data-video-slug="tesla autopilot law enforcement crash"
data-first-publish-slug="tesla autopilot law enforcement crash"
data-video-tags="accidents,accidents, disasters and safety,automotive industry,business and industry sectors,business, economy and trade,companies,crime, law enforcement and corrections,law enforcement,motor vehicles,tesla inc,traffic accidents"
data-details="">
Video Ad Feedback
Watch: Tesla?in 'Autopilot' mode?crashes into police car
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-11-18T11:49:54Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/11/17/tesla-3-full-self-driving-mode-test-mc-zw-orig.cnn-business"
data-branding-key=""
data-video-slug="tesla 3 full self driving mode test mc zw orig"
data-first-publish-slug="tesla 3 full self driving mode test mc zw orig"
data-video-tags="automotive industry,business and industry sectors,business, economy and trade,companies,company activities and management,continents and regions,motor vehicles,new york (state),new york city,north america,northeastern united states,product development,product innovation,product management,self-driving cars,technology,tesla inc,the americas,united states,brooklyn,computer science and information technology,software and applications"
data-details="">
Video Ad Feedback
CNN tried Tesla's 'full self-driving' mode on NYC streets. It didn't go great
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-03-15T22:29:18Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/tech/2021/03/15/elon-musk-technoking-tesla-sec-paul-r-la-monica-qmb-vpx.cnn"
data-branding-key=""
data-video-slug="elon musk technoking tesla sec paul r la monica qmb vpx"
data-first-publish-slug="elon musk technoking tesla sec paul r la monica qmb vpx"
data-video-tags="banking, finance and investments,business executives,business figures,business, economy and trade,celebrities,companies,elon musk,financial markets and investing,government organizations - us,labor and employment,richard quest,securities trading,tesla inc,us federal departments and agencies,us government independent agencies,us securities and exchange commission,workers and professionals"
data-details="">
Video Ad Feedback
SEC: Elon Musk officially named 'Technoking of Tesla'
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-08-18T12:43:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/07/30/elon-musk-tesla-ipo-2010-vault-orig.cnn-business"
data-branding-key="vault-by-cnn"
data-video-slug="elon musk tesla IPO 2010 vault orig"
data-first-publish-slug="elon musk tesla IPO 2010 vault orig"
data-video-tags="automakers and manufacturing,automotive industry,banking, finance and investments,business and industry sectors,business figures,business, economy and trade,companies,elon musk,financial markets and investing,financing and stock offering,initial public offering,tesla inc"
data-details="">
Video Ad Feedback
In 2010, Elon Musk had big plans for Tesla. Listen to his predictions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-03-15T06:38:40Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business"
data-branding-key=""
data-video-slug="Tesla unveils new model Y lc orig"
data-first-publish-slug="Tesla unveils new model Y lc orig"
data-video-tags="alternative fuel vehicles,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,california,companies,continents and regions,electric vehicles,motor vehicles,north america,southwestern united states,tesla inc,the americas,united states"
data-details="">
Video Ad Feedback
See Tesla's new Model Y
01:19
Now playing
- Source:
CNN business
New YorkCNN Business
—
Tesla just became the sixth company in US history to be worth $1 trillion.
Shares popped more than 12% Monday to close at about $1,025, boosted by two spots of good news: Hertz announced a record order of 100,000 Teslas for its fleet, and influential Morgan Stanley auto analyst Adam Jonas recently raised his price target on Tesla to $1,200 a share.
That hefty one-day gain put Tesla
(TSLA) justover the $1 trillion mark. That market capitalization is less than half that of Apple
(AAPL), the most valuable company in the world at $2.5 trillion, and No. 2 Microsoft
(MSFT), which is worth $2.3 trillion. Other members of the trillion-dollar club include Google parent Alphabet
(GOOG), worth $1.8 trillion, and Amazon
(AMZN), at $1.7 trillion.
Tesla is the second fastest company to hit the $1 trillion mark, reaching it just more than 12 years after its 2010 initial public offering. Only Facebook
(FB), which needed just over 9 years from its IPO to reach $1 trillion, got there faster.
Apple took the longest, hitting the mark more than 37 years after it started trading in 1980, followed by Microsoft, which took a bit more than 33 years. Amazon needed 21 years, while Google reached the mark for the first time after 15 years. It’s not uncommon for companies that reach the $1 trillion benchmark to slip back below it.
Tesla did on Monday surpass Facebook, whose shares are slipping following the release of a large trove of internal documents known as “The Facebook Papers.”
Facebook
(FB) shares closed down more than 5% in Friday trading, and even with a modest rebound Monday are off 17% from the peak earlier this year when the company was valued at more than $1 trillion. Facebook
(FB)’s market cap closed Monday at $927 billion.
For Tesla, by contrast, Wall Street’s excitement about the future of electric vehicles has pushed the company’s market value to more than the 11 largest global automakers combined.
Tesla is worth more than three times as much as Toyota
(TM), the second most valuable automaker, which has a market cap of about $280 billion, and boasts sales and profits that dwarf those of Tesla.
Last year Tesla sold only 500,000 cars worldwide — meaning its current market value is equivalent to roughly $2 million per vehicle sold.
The company has already sold 627,000 cars so far this year, and is aiming to be close to a million sales for the full year. That would still equate to a valuation of more than $1 million per vehicle, but clearly investors are nonetheless betting Tesla will achieve its target of 50% or more in annual sales growth for years to come.
