Time to Reach $1 Trillion

Tesla’s market cap surpassed the $1 trillion mark Monday, a milestone reached by the company 11 years after it became a publicly traded company. It puts Elon Musk and Tesla in select company with Apple, Amazon, Facebook and Google, all of which have market caps above $1 trillion.

Which this feat, Tesla becomes the fastest company reach a $1 trillion market cap, beating out Google by 3 years.

Not so Fast…

Did you forget about bitcoin? Hope not. Elon may have beat out traditional companies traded on the NYSE, but if we account for crypto we see a different story:

Bitcoin easily surpasses Tesla in the number one spot, achieving a trillion dollar market cap in a quick 12 years.

At the start of 2021, the cryptocurrency had a modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment.

Musk doesn’t like the sounds of that..

To be fair..

Elon followed the traditional “legal” route and fought through extreme adversity to lead Tesla to the top so he should be rewarded accordingly.

It should also be noted Elon and Tesla own a sizable amount of Bitcoin and other cryptocurrencies so I’m sure he’s not feeling too down.

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