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It would take Tesla 1,600 YEARS to make the money invested in the company in the stock market

Tesla would need 1,600 years to make as much money as invested in the stock market with current income.

The automaker’s founder and CEO, Elon Musk, 49, became the richest man in the world for four days last week when stock prices rose again, but Tesla delivered fewer than 500,000 cars in 2020.

Despite the small number of cars delivered, Tesla added nearly $ 750 billion to its market value last year, meaning that its stock price is currently 128 times its earnings per share.

At this rate of car production and revenues, it would take the company more than a millennium and a half to earn the $ 750 billion price tag.

Tesla CEO Elon Musk, 49, (pictured above on Jan. 7 in Shanghai) became the richest man in the world for four days last week, but experts warn it would take 1,600 years to make as much money as invested in the company on the scholarship

Tesla CEO Elon Musk, 49, (pictured above on Jan. 7 in Shanghai) became the richest man in the world for four days last week, but experts warn it would take 1,600 years to make as much money as invested in the company on the scholarship

Tesla delivered fewer than 500,000 cars in 2020, yet added nearly $ 750 billion to its market value. In the photo, workers assemble cars on the line at Tesla's California plant

Tesla delivered fewer than 500,000 cars in 2020, yet added nearly $ 750 billion to its market value. In the photo, workers assemble cars on the line at Tesla's California plant

Tesla delivered fewer than 500,000 cars in 2020, yet added nearly $ 750 billion to its market value. In the photo, workers assemble cars on the line at Tesla’s California plant

Tesla added 743 percent to its value in 2020, with stock prices rising to more than $ 800

Tesla added 743 percent to its value in 2020, with stock prices rising to more than $ 800

Tesla added 743 percent to its value in 2020, with stock prices rising to more than $ 800

According to Zacks Investment Researchis the average in the auto industry that the stock price is about 15 times the price of the earnings per share.

General Motors is an example of this, estimated at just $ 62 billion, despite having sold 2.5 million vehicles by 2020 and owning more than $ 200 billion in assets.

Tesla reported a string of profitable quarters in 2020 and joined the S&P 500, making the company one of the world’s most valuable companies.

It’s now worth more than Facebook and the following six auto companies – Toyota, Volkswagen, Daimler and General Motors, plus China’s BYD and NIO – combined.

It won the title of ‘Most Valuable American Automaker’ as early as January 2020, when its market value was only $ 86.1 billion.

But while other companies suffered from the coronavirus outbreak, Tesla rose and added 743 percent to its value in 2020, thanks in part to the pandemic itself, the New statesman.

The pandemic has increased the number of users of trading apps like Robinhood, making it easier for people with little knowledge to trade stocks.

Tesla is one of the popular companies for these users to invest in, with Musk at the helm as the protagonist.

Musk has already shown how he can personally influence the price of shares in his own company after cutting Tesla’s value by $ 14 billion in May 2020 after tweeting, “ Tesla stock price is too high imo. ”

Shares in Tesla took a dip on Monday after hitting a new high last Friday

Shares in Tesla took a dip on Monday after hitting a new high last Friday

Shares in Tesla took a dip on Monday after hitting a new high last Friday

Last month, Tesla's stock rose in price again, as shown

Last month, Tesla's stock rose in price again, as shown

Last month, Tesla’s stock rose in price again, as shown

The billionaire has predicted another good year for the company after announcing that it had delivered just under half a million cars last year and produced nearly 510,000.

It was a better-than-expected 2020 for vehicle deliveries at the company, driven by a steady increase in electric vehicle adoption, but narrowly missed its ambitious annual target during a tough year for the global auto industry.

Tesla said in early 2020 it would “ easily exceed 500,000 units ” for the year, a target that remained unchanged despite the pandemic.

So proud of the Tesla team for reaching this important milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all, ” Musk tweeted.

My 14-year-old son Saxon said he thinks 2021 will be a good year. I agree. Let’s all take care of it, ” he added in a Jan. 9 tweet, just a day after being named the world’s richest man, overtaking Amazon’s Jeff Bezos.

At the time, Bezos’s net worth was estimated at $ 187 billion.

Musk’s net worth eclipsed $ 188.5 billion on Thursday thanks to a 6 percent rise in Tesla stock after the electric car maker also saw its stock rise more than 4.6 percent the previous day.

In total, the stock rose 24.7 percent in the first week of the year, only one percentage point behind market leader L Brands.

Tesla said in early 2020 it would `` easily exceed 500,000 units '' for the year, a target that remained unchanged despite the pandemic. It produced nearly 510,000 cars last year, but failed to meet the half-million target. Pictured: Tesla employees in California

Tesla said in early 2020 it would `` easily exceed 500,000 units '' for the year, a target that remained unchanged despite the pandemic. It produced nearly 510,000 cars last year, but failed to meet the half-million target. Pictured: Tesla employees in California

Tesla said in early 2020 it would “ easily exceed 500,000 units ” for the year, a target that remained unchanged despite the pandemic. It produced nearly 510,000 cars last year, but failed to meet the half-million target. Pictured: Tesla employees in California

Tesla CEO Elon Musk

Tesla CEO Elon Musk

Amazon CEO Jeff Bezos

Amazon CEO Jeff Bezos

Elon Musk (pictured left) was the richest person in the world for about four days, catching up with Amazon CEO Jeff Bezos (pictured right) for the No. 1 slot on Thursday before Tesla’s stock took a nosedive on Monday and raised nearly $ 14 billion the company wiped out. value

However, Musk held the title for just four days after Tesla’s stock fell abruptly on Monday.

According to Forbes, Musk’s net worth fell to $ 176.2 billion, nearly $ 6 billion less than 57-year-old Bezos.

Tesla rebounded on Tuesday, closing 4.7 percent higher as investors bet on a major expansion for the electric car manufacturer after it registered a company in India.

From noon, Musk seemed poised to regain the title of richest person in the world.

After an initial drop on Wednesday morning, they rebounded once more and climbed above $ 853.

In the brief moments when Musk held the title of richest person, he seemed to be shaking off the awards on Thursday morning.

The Twitter account of the Tesla owners of Silicon Valley wrote, “@elonmusk is now the richest person in the world at $ 190 billion.”

In a tweet, Musk wrote, “How strange.” He followed up that tweet with, ‘Well, back to work …’

Musk overtook Bill Gates as the second richest person in November, a significant leap for the entrepreneur who started at No. 35 in 2020.

French fashion mogul Bernard Arnault, the billionaire founder of LVMH, and his family have the third largest net worth in the world – $ 151.4 billion, according to Forbes.

Gates, Microsoft’s co-founder and philanthropist, is far fourth with $ 121.3 billion.

Tesla significantly increased production at auto plants in California and Shanghai (pictured above in December) and continued to build new plants in Texas and Germany

Tesla significantly increased production at auto plants in California and Shanghai (pictured above in December) and continued to build new plants in Texas and Germany

Tesla significantly increased production at auto plants in California and Shanghai (pictured above in December) and continued to build new plants in Texas and Germany

Musk seemed to brush off the news that he was the richest person in the world on Twitter on Thursday. He wrote, “How strange.” He followed up that tweet with, ‘Well, back to work …’

According to Bloomberg, Musk has a 20 percent stake in the automaker and about $ 42 billion in unrealized paper gains on acquired stock options.

He also has a 48 percent stake in his space company SpaceX.

Musk managed to increase his net worth by more than $ 146 billion over the past 12 months, despite the economic downturn following the coronavirus pandemic.

Musk took a big step after a stumbling block in 2018, when US securities regulators required the Tesla chief to step down as chairman and pay $ 20 million to settle allegations he defrauded investors with false claims on Twitter in August about a possible bid to take the business private, which was quickly cut short.

Musk put the controversy behind him last year when Tesla significantly increased production at car plants in California and Shanghai and built new plants in Texas and Germany.

Tesla watchers don’t think Musk will be able to match the massive rise in valuation in 2021, but expect continued progress as the automaker adds manufacturing capacity and pushes the boundaries of new technologies, including autonomous cars.

Analysts told CNN that only predict Tesla stock to hit $ 1,000 by the end of the year, about a 14 percent increase for the remainder of 2021 from last week’s high.

As of Wednesday afternoon, Tesla’s stock is at $ 853.17.

Still, several analysts consider the stock overvalued, even if they are pricing the company.

“ Tesla’s performance in 2020 has been impressive, but not as impressive as the rise in its stock, which we still think is overvalued, ” said a note earlier this week from JPMorgan Chase, which has an “ underweight position ” in its own power.

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