Six companies remain in the select trillion-dollar club.
The barrier of a trillion-dollar value on the stock market has been overcome by seven multinationals, of which only Facebook has gotten off the bandwagon, whose market capitalization has fallen to 900 billion dollars. Of all the companies that make up this select club, 3 of them exceed 2 billion dollars (Microsoft, Apple, and Saudi Aramco). At the same time, Alphabet, owner of Google, among others, is close, with 1.96 billion dollars, according to data provided by the financial data provider Companies Market Cap.
The two tech giants, Apple and Microsoft, lead the pack in market capitalization, but it took several years for them to add up to these trillion-dollar numbers. Both companies went public in the 1980s but didn't cross the coveted line until the 2010s.
For its part, Tesla has been the third fastest to overcome this barrier, after Saudi Aramco and Facebook, thanks to an order for 100,000 cars by the US car rental company Hertz. It is thus behind the oil giant, which went public on December 11, 2019, and registered a valuation of 1.9 billion dollars after its first day of trading. Facebook was the second fastest to reach this level, but left this group in October, after having integrated it between June and September 2021.
Tesla, however, is still far behind the other companies that make up this ranking when it comes to profits. While all the other companies on the list are among the 25 corporations that generate the most revenue in 2021, the electric car manufacturer is in position number 196. Although its businesses do not place it among the top 100, the evolution of the price of its actions suggests that its investors are confident that this will change in the not-too-distant future. The company created by Elon Musk has been named the fastest-growing brand in 2021 by Interbrand.
