Thanks to a smart and hardworking team at Tesla. These sure are wild times … — Elon Musk (@elonmusk) August 28, 2020San Francisco, Elon Musk thanked his hardworking team at Tesla as the electric car makers market cap reached $420 billion which is equal to the next top five carmakers combined together.Musk took to Twitter, thanking the Tesla engineers and other workers. "Thanks to a smart and hardworking team at Tesla. These sure are wild times"Tesla even surpassed Johnson & Johnson in terms of market cap.There are only seven companies in the S&P 500 index worth more, including Visa at $447 billion and Apple at $2.16 trillion, reports Barrons.com.About two months ago, the EV maker was at $200 billion. "In the second quarter, we produced over 82,000 vehicles and delivered approximately 90,650 vehicles," Tesla said in a statement.

Source: Economic Times August 28, 2020 12:00 UTC