With this, Tesla’s market cap currently stands at more than that of the five most valuable listed companies on the BSE.
“With the $1 Trillion valuation, Tesla is now more valuable than the other 9 biggest listed carmakers combined.
Despite the high valuation of Tesla, which it has used to even higher P/E in the past as well, Indian investors can apply dollar-cost averaging to acquire the Tesla shares at good prices and hold for medium to long term.
Elon Musk’s net worth too surged by $36.2 billion to $289 billion on Monday thereby extending his lead over Amazon.com Inc’s founder Jeff Bezos as the world’s richest person by $96 billion.