There is no doubt in my mind, today is Tesla’s day. In one day we have learned that the Model 3 has been the best-selling car in Europe and that Hertz has ordered 100,000 more cars from the company, which has catapulted the value of its shares in the stock market. The consequence: Tesla now already has a market capitalization of more than one trillion dollars.
The car manufacturer thus joins the short list of companies that have reached that value alongside Apple, Microsoft, Amazon and Google. The stock market rise has been so great that each share costs more than $1,000 at the moment. And that, in turn, brings Elon Musk’s fortune close to $300 billion.
It’s also helped by Elon Musk’s forecasts that he has set a goal of producing and selling 20 million cars a year, more than twice the output of Volkswagen and Toyota combined.
Not everything is a bed of roses, however. Problems such as the shortage of components or the price of energy can slow down all these expansion plans, however much Elon Musk is prepared for unforeseen events. What is clear is that the electric car is here to stay, and perhaps they have a dominant future as executives from other companies believe.