Tesla Inc.’s ascent into the most exclusive of corporate clubs -- the US$1 trillion ($1.35 trillion) capitalization set -- has investors guessing on which company will be the next to join.
The technology industry represents five of the six current members and may well be the spawning ground for the next. But there is competition. The commodity supercycle, the global push for clean energy and biotechnology developments could all produce candidates.
It’s an important issue. Membership of the club doesn’t just earn bragging rights for the likes of Elon Musk and Jeff Bezos, it also makes the companies hard to ignore for investors well beyond Wall Street. That could bring some welcome stability to shares such as Tesla, further boosting their attraction.