{"id":2054,"date":"2021-01-09T19:21:16","date_gmt":"2021-01-09T19:21:16","guid":{"rendered":"https:\/\/www.africa-press.com\/south-africa\/?p=2054"},"modified":"2021-01-09T17:40:29","modified_gmt":"2021-01-09T17:40:29","slug":"tesla-market-value-crosses-800bn-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/tesla-market-value-crosses-800bn-for-the-first-time","title":{"rendered":"Tesla market value crosses $800bn for the first time"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.com\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.com\/south-africa\">South-Africa<\/a>. <\/strong><\/span>INTERNATIONAL &#8211; Shares of Tesla jumped as much as 5.6 percent on Friday, pushing the electric-car maker&#8217;s market capitalisation to more than $800 billion (R12.24 trillion) for the first time ever and inching closer to the trillion dollar club.<\/p>\n<p>Tesla&#8217;s stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc&#8217;s top boss Jeff Bezos to become the world&#8217;s richest man, Bloomberg Newsreported on Thursday.<\/p>\n<p>At today&#8217;s session high, Musk&#8217;s 21 percent stake in the automaker as per Forbes contributes more than $170 billion to his net worth, dwarfing the combined market capitalization of General Motors, Ford Motor Co and Fiat Chrysler Automobiles, the three Detroit automakers.<\/p>\n<p>In the previous session, Tesla&#8217;s market value crossed $774billion, making it Wall Street&#8217;s fifth most valuable company,just behind Google-parent Alphabet and ahead of social media giant Facebook.<\/p>\n<p>The company&#8217;s fortunes is an anomaly as the 17-year-old automaker has production that is just a fraction of large rivals by sales such as Toyota Motor, Volkswagen and General Motors.<\/p>\n<p><b>REUTERS<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. INTERNATIONAL &#8211; Shares of Tesla jumped as much as 5.6 percent on Friday, pushing the electric-car maker&#8217;s market capitalisation to more than $800 billion (R12.24 trillion) for the first time ever and inching closer to the trillion dollar club. Tesla&#8217;s stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc&#8217;s [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":2053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-2054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tesla market value crosses $800bn for the first time - South Africa<\/title>\n<meta name=\"description\" content=\"INTERNATIONAL - Shares of Tesla jumped as much as 5.6 percent on Friday, pushing the electric-car maker&#039;s market capital ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tesla-market-value-crosses-800bn-for-the-first-time\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla market value crosses $800bn for the first time\" \/>\n<meta property=\"og:description\" content=\"INTERNATIONAL - 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