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Elon Musk is now worth more than ExxonMobil
Posted by: Speedy
Date: October 26, 2021 07:47AM
[www.cnn.com]

(Includes a video from 1999 of a (possibly stoned) Elon receiving his McLaren.)

New York (CNN Business)Elon Musk is rapidly approaching a net worth of $300 billion, as Tesla's market cap soars past $1 trillion. That's enough to surpass one of his biggest rivals: ExxonMobil.

As of Monday's close, Musk's net worth was $289 billion, according to the Bloomberg Billionaires Index, which surpasses the $272 billion market value of ExxonMobil (XOM), the company most associated with the fossil fuel industry he's seeking to destroy.

The Tesla CEO's jump in worth can be attributed to two things after shares of Tesla rose more than 12% Monday: Hertz (HTZ) announced a record order of 100,000 Teslas for its fleet, and influential Morgan Stanley auto analyst Adam Jonas recently raised his price target on Tesla to $1,200 a share. That hefty one-day gain put Tesla (TSLA) just over the $1 trillion mark.

>>>

(But not for long as TSLA is the only stock in my (14 stocks) portfolio that is down pre-market today.)

((And now it is up about 5%.))

TSLA up 24% over the last week. Sell, sell, sell. I only have three shares remaining so I’ll hold.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.



Edited 4 time(s). Last edit at 10/26/2021 08:53AM by Speedy.
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Re: Elon Musk is now worth more than ExxonMobil
Posted by: Ombligo
Date: October 26, 2021 08:50AM
Quote
Speedy
(But not for long as TSLA is the only stock in my (14 stocks) portfolio that is down pre-market today.)

you may want to check again, although it is early in the trading day (all that matters is the price you sell at anyway)



“No persons are more frequently wrong, than those who will not admit they are wrong.”
-- François de La Rochefoucauld

Growing older is mandatory. Growing up is optional.
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Re: Elon Musk is now worth more than ExxonMobil
Posted by: ztirffritz
Date: October 26, 2021 10:01AM
I'm buying buying buying as fast as my finances allow me to. I sold 200 shares of Ford last week to buy 4 shares of TSLA and I've already gained enough on that deal to offset the price of one share of TSLA. It's volatile for sure, but over the next 5-10 years I expect it to hit somewhere around $2500/sh.



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Re: Elon Musk is now worth more than ExxonMobil
Posted by: Paul F.
Date: October 26, 2021 10:25AM
Quote
ztirffritz
I'm buying buying buying as fast as my finances allow me to. I sold 200 shares of Ford last week to buy 4 shares of TSLA and I've already gained enough on that deal to offset the price of one share of TSLA. It's volatile for sure, but over the next 5-10 years I expect it to hit somewhere around $2500/sh.

If they get Gigafactories Austin and Berlin to full production quicker than currently estimated, that may be $2500 in the next 3-8 years.



Paul F.
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A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
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Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.

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Eureka, CA
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