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Tesla has become the world's most expensive automaker

Nasdaq reports that at the opening of trading on the exchange, the price of one Tesla share was $ 527.48. This achievement is a record for an auto brand.

Back in January 2020, the company's market capitalization was $ 100 billion. In less than a year, the automaker managed to increase its market capitalization by $ 400 billion. Thanks to the rise in shares, Elon Musk was able to take second place in the list of the wealthiest entrepreneurs in the world, as reported by Bloomberg. And his fortune increased by $ 100 billion.

Tesla Supercharger
Tesla Supercharger

On November 7, 2020, the S&P Dow Jones Indices decided to include Tesla in calculating the stock index of the largest US public companies, the S&P 500. This fact also positively influenced the growth of the stock price of 28% within one week.

As a reminder, back in June, analysts from Morgan Stanley warned that the company's shares at more than $ 1000 per share are highly overvalued and may fall, as many investors ignore the risks associated with the auto brand management view Tesla as a growing tech company. Following such announcements, the automaker's board of directors has split the shares in a ratio of five to one to make them more accessible to employees and investors.