Tesla's stock recently surged to $516 per share, making the company worth more than $93 billion. According to Wired, the Palo Alto-based manufacturer is now valued at more than any other American car manufacturer, including Ford and GM combined.

As of this past Monday, Tesla's market capitalization reached $93 billion, compared to $50 billion for General Motors and $37 billion for Ford, although GM sold roughly 20 times more cars than Tesla in 2019, and Ford sold more than six times as many. Reports reveal that Tesla delivered 112,000 cars in the fourth quarter of 2019 and 367,500 for the entire year, both of which are company records. Such figures should continue to increase for Tesla as the company just opened its new facility in China. Similarly, it has plans to build a fourth gigafactory in Germany.

Furthermore, Elon musk is now on the cusp of receiving the first of 12 performance-based stock grants as noted in his 2018 compensation package. Musk will be awarded one percent of the company's stock, valued at approximately $1 billion, if Tesla becomes worth more than $100 billion. The company is currently worth $93 billion-plus. Tesla must also reach a number of predetermined targets for revenues and earnings, one of which is $20 billion in annual revenue, of which the company has already surpassed. In short, if Tesla's stock reaches more than $553 in the coming months, Musk will get his bonus.

Tesla is currently the most valuable car company in America by a wide margin. For more on the company's surging valuation, follow on over to Wired.

What To Read Next

  • Image on Highsnobiety

    Pass Go With MSCHF’s Blurred Monopoly Stack

  • beach shoes

    Wait, When Did Beach Shoes Get So Good?

  • Image on Highsnobiety

    Bump Watch: A Catalog of Rihanna’s Most Exceptional Maternity Looks

  • affordable loafers

    These Are the Best Budget Loafers in the Game

  • Image on Highsnobiety

    For Byron Linnell Edwards, Wellness Is Part Of The Creative Process

  • affordable sneaker 00 Adidas Blends x Vans Converse

    8 Affordable Sneakers That Will Never Go Out of Style

*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titelmedia strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titelmedia has engaged UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.


Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.