Tesla valuation hits more than $100bn — and more than VW
The electric-car maker’s shares jumped as much as 4.6%, with a big payout for Elon Musk if the value can be maintained
22 January 2020 - 17:31
San Francisco/Frankfurt — Tesla’s market value has climbed above Volkswagen’s (VW) for the first time to more than $100bn, a threshold that will trigger a huge payout for CEO Elon Musk if he can sustain the feat for months.
The electric-car maker’s shares jumped as much as 4.6% shortly after the open of regular trading on Wednesday. At the early intra-day high of $572.11, Tesla’s market capitalisation was roughly $103.1bn, exceeding VW’s $99.8bn...
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