Tesla becomes first American automaker worth $100 billion

Tesla becomes first American automaker worth $100 billion

Tesla’s market valuation hit $100 billion Tuesday, becoming the first US car maker to do so, and sets CEO Elon Musk on the track to a $346 million payday. Shares of the company rose 4.1% Wednesday, to close at $569.56, leaving it with a valuation of $102.7 billion. If Tesla’s market cap averages above $100 billion through late July, Musk will pocket $346 million worth of vested stock options.

The Right Perspective
The Right Perspective 1 months

Women with a gender studies degree will complain about the money he is making.

Sigfried 1 months

Even after the Truck window? Well, I guess he did show testing footage where there were no problems and taking two hits and keeping the driver safe even on the second bad hit is better than my current windows.

Judi Em
Judi Em 1 months

Worth 100B, but what does that mean. There's not a shitload of Teslas driving around on the highways in my 3M population metro area.

Mutatis 1 months

Meh, the valuation is still mostly based on speculation and not existing earnings, though I am glad Musk is doing well as the guy tends to foster the positive impact of driving innovation in every industry he enters.

Unity.Nat 1 months

Teslas are crap when it comes to cold climates

..... 1 months

Everyone as always hating on musk, I always knew he would continue succeeding. Only bone I have with him is about China but he seems to be using it with the right strategy so... to space Elon!

Indo 1 months

Here is our real true colors. The eventual payday. The best one to match the last one. and we wonder why there is inflation disorder.

Tsila Noitan (Backer)
Tsila Noitan (Backer) 1 months

and Grimes is preggers.

david dindu
david dindu 1 months

i doubt hes voting for bernie or yang

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