Shares of Tesla (TSLA)
had been up 4% in noon buying and selling Wednesday to a brand new document excessive of above $1,120 a share. At that value, Tesla’s market cap is almost $210 billion.
Now there are solely 19 corporations within the S&P 500
worth more than Tesla. One of them is CNN proprietor AT&T (T)
. Tesla is additionally worth more than PayPal (PYPL)
— an organization that was shaped from the merger of one other funds firm co-founded by Musk.
Optimism about electrical automobiles is not restricted to Tesla.
Shares of electrical truck maker Nikola have soared
for the reason that firm went public in June by way of a merger with an present publicly traded clean examine firm. Nikola
is now worth almost $25 billion, more than Ford (F)
And the inventory of electrical battery maker Workhorse (WKHS)
, which has a stake in personal startup Lordstown Motors
, has more doubled in simply the previous week.