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Incredible move today in $TSLA. I believe Apple was the first trillion-$ US-listed company and made it in August 2018 - 38 years after its listing. TSLA accom
by anonu 5y ago
Incredible move today in $TSLA.
I believe Apple was the first trillion-$ US-listed company and made it in August 2018 - 38 years after its listing.
TSLA accomplished the same feat in 11 years...
That obviously says something about TSLA... but also a $trillion isn't what it used to be. We'll be seeing more trillion-dollar companies in the coming years thanks to inflation.
- WalterBright 5y agoJust went to Bartell's to buy a coffeepot. The formerly $13 one is now $30.
- TheRealNGenius 5y agoNoticed this as well. Speaks volumes of the levels of wealth creation we are seeing in the present. Just 10 years ago, the largest company by market cap was just shy of 400B; the richest man ~70B. Now, top 10 are all routinely above both according to wikipedia. Unicorns will probably give way to Trilobites at this rate ;). Definitely real, but no less elusive in the present day. In the same vein that being a millionaire is no longer as rare as it used to be, I can envision being a billionaire may go the same way in my lifetime. Inflationary pressures or otherwise, it points in part to the futility of directly comparing wealth across time periods, as future generations are able to tap into more leverage from whatever emerging technologies arise.
- scrumbledober 5y agoInteresting to note that while it took apple 38 years to get to $1 trillion, they are now three years later sitting at a market cap of $2.46 trillion.