Tesla's Market Capitalization Catches up with Volkswagen AG’s and Exceeds $100 Billion

Bloomberg reports that Tesla’s market value exceeded $100 billion yesterday, on January 21.

On Tuesday, the company's stock rose by 7.2% during trading and by another 1.4% after the close. As a result, the price of one share rose to $555.1. The market capitalization was approximately $100.1 billion. This is only slightly less than that of Volkswagen AG’s ($100.6 billion).

Tesla's Market Capitalization Catches up with Volkswagen AG’s and Exceeds $100 Billion photo 2

At the time of writing, the share price has fallen to $547.2. The company's market capitalization is $98.6 billion. Tesla CEO Elon Musk will earn about $346 million if the market capitalization of Tesla is above $100 billion within a few months. $346 million is the first tranche of remuneration totaling $2.6 billion.

Tesla's shares have more than doubled in value since the company unexpectedly reported earnings in the third quarter of last year and told investors it was opening a factory in China ahead of schedule and producing the new Model Y.

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