There are many powerful and influential organizations out there, and it’s natural to compare their market capitalizations to understand how the market might be shifting. It appears as though Tesla is, as of right now, the most valuable carmaker in the world. The company is worth more than Toyota, but it’s also worth more than Disney or Coke, two other iconic companies in their own right.
In fact, Tesla is not a part of the S&P 500 – but there are now only 19 companies in that index that are worth more than Tesla, as of press time. Interestingly enough, Tesla is now worth more than Paypal. This is relevant because it was a company that Elon Musk, the CEO of Tesla, helped co-found over two decades ago.
Who wears short shorts? 🤣🤣
— Elon Musk (@elonmusk) July 2, 2020
Tesla is now worth over $224 billion as of writing, in after-hours trading on a closed market day ahead of the Fourth of July holiday. The company’s stock surged yesterday after Tesla beat Wall Street expectations on vehicle production and deliveries for Q2.
Will send some to the Shortseller Enrichment Commission to comfort them through these difficult times
— Elon Musk (@elonmusk) July 2, 2020
SEC, three letter acronym, middle word is Elon’s
— Elon Musk (@elonmusk) July 2, 2020
Amid the stock surge yesterday, Musk taunted Tesla shortsellers as he has in the past. One of his tweets asked: “Who loves short shorts?” He took it a step farther in other tweets, claiming that Tesla would create short shorts “in radiant red satin and gold trim.” He also taunted the SEC as Tesla’s stock rose, as well, something that Musk has done in the past.
