(Bloomberg) -- Tesla Inc.’s market value has climbed above Volkswagen AG’s for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.The electric-car maker’s shares soared as much as 8.6% on Wednesday to a new intraday high of $594.50. At that price, Tesla’s market capitalization was roughly $107.2 billion, exceeding Volkswagen’s $99.4 billion and trailing only Toyota Motor Corp.While Musk’s skeptics are dubious that Tesla should be worth more than a carmaker that sold almost 30 times as many vehicles last year, Volkswagen’s own Herbert Diess isn’t so dismissive. He’s been arguably the most vocal CEO among traditional carmakers to praise Tesla and point to its role in a radical shakeup of the more than century-old auto industry.After saying three months ago that Tesla was no niche manufacturer anymore, Diess told top Volkswagen executives at an internal meeting in Germany last week that connected vehicles will almost double the time consumers spend online, and that cars will “become the most important mobile device.”“If we see that, then we also understand why Tesla is so valuable from the view of analysts,” he said.Diess, 61, is rolling out the industry’s largest electric-car fleet and aims to boost the company’s value to a level rivaling Toyota, whose $232 billion market cap is still more than Tesla and VW’s combined.“Tesla has high innovative strength regarding battery-electric vehicles as well as connectivity, which can partly explain the high market capitalization,” Stefan Bratzel, a researcher at the Center of Automotive Management near Cologne, Germany, said in a report Wednesday. The relatively low valuation of traditional automakers is linked to uncertainty over whether they can navigate the looming industry shift, he said.The jump above $100 billion is about more than just bragging rights for Musk, Tesla’s billionaire chief executive officer. He’s eligible to receive the first tranche of an all-or-nothing pay award if the company’s market value stays above that threshold for a sustained period. On paper, the first chunk of the award would net him about $346 million.Tesla shares have more than doubled since the company reported a surprise third-quarter profit and told investors it was ahead of schedule bringing out its next product, the Model Y crossover, and opening its factory near Shanghai.The stock has room to run as Tesla grows in China, Wedbush analyst Dan Ives wrote in a report Wednesday. He boosted his target price to $550 from $370 while maintaining the equivalent of a hold rating.What Bloomberg Intelligence Says:“Tesla’s tepid 0.3% gain in 2019 domestic unit sales suggests a tapped-out U.S. Sales in China skew the U.S. demand picture, which should become clearer by year-end with the ramp-up in Shanghai output.”\- Kevin Tynan, senior autos analystClick here to read the researchGary Black, who was chief executive of Aegon Asset Management from mid 2016 through September and now holds Tesla as a private investor, said he expects Tesla to earn more than VW by 2025 and believes consensus estimates for vehicle deliveries this year are too low. He expects Musk to forecast at least 550,000 units for 2020 during next week’s earnings webcast and to tout the launch of the Model Y.While at least eight analysts have boosted their price targets by more than $100 since the year began, consensus is still well below where Tesla’s shares are trading. The average target is $363.92 with just 10 analysts rating the stock a buy, compared with 10 holds and 16 sells.(Updates with VW’s EV plans in sixth paragraph.)\--With assistance from Cécile Daurat, Tom Randall and Anders Melin.To contact the reporters on this story: Dana Hull in San Francisco at dhull12@bloomberg.net;Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;Gregory Calderone in New York at gcalderone7@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Cécile DauratFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Top Ranked Income Stocks to Buy for January 23rd

Top Ranked Income Stocks to Buy for January 27th

Good news for concertgoers who bought tickets back when live music wasn't just some distant pipe dream: Starting today, Live Nation and AEG Presents, the two biggest concert promoters, are offering refunds for shows that have been rescheduled. If a new date f…

On April 2, 2020, the European Insurance and Occupational Pensions Authority and DNB, Aegon’s principal regulator, published statements urging insurers to temporarily postpone all dividend distributions. Aegon will comply with this request, as a result of which the company will forego its 2019 final dividend of EUR 0.16 per common share. Taking into account the interim dividend paid in September 2019, this results in a total dividend for the financial year 2019 of EUR 0.15 per common share. Aegon will review opportunities for returning capital to its shareholders as soon as appropriate.

Against government recommendations, Southern rock singer Travis McCready will perform to 229 attendees next week. Organizers insist they're taking every safety precaution necessary

Property funds should suspend themselves if they can no longer properly assess the value of the real estate assets they hold, a British funds industry trade body said on Wednesday. "Under these conditions property funds need to suspend while this extraordinary situation lasts, in order to ensure that investors, mostly long-term pension savers, are protected," Paul Richards, managing director of the Association of Real Estate Funds said in a statement relesed by the Investment Association. Three property funds have said in the past two days they were suspending themselves due to extreme market volatility in response to the coronavirus epidemic.

A coalition of the top concert promoters, venue managers and show producers have joined forces to request federal aid for the live entertainment industry as it faces an existential crisis from the COVID-19 pandemic.

While we've already see a socially distanced Arkansas show and drive-in concerts and festivals, it seems a return to large, crowded events like full-scale festivals, arena shows, or even packed club shows are still a ways away. Continue reading…

Net income of EUR 1,270 million, reflecting fair value gains

Also, why a headwind is more annoying than a tailwind is helpful.

MGM earnings call for the period ending March 31, 2020.

Among the Los Angeles-area cultural institutions taking to GoFundMe to raise money during the coronavirus pandemic lockdowns is the city’s most famous music nightspot, the Troubadour, whose operators tell the Los Angeles Times that the venue “can’t foresee be…

As the next phase of Colorado's safer-at-home order takes effect, retailers, hair salons, pet groomers, tattoo parlors and other businesses reopen Friday after five weeks of mandated closures to comply

NMR earnings call for the period ending March 31, 2020.

Today, Aegon N.V. publishes its 2019 Integrated Annual Report. The report highlights the global environment in which Aegon operates and describes how the company has performed. Furthermore, Aegon announces that Caroline Ramsay will be nominated for appointment to the Supervisory Board for a four-year term.

Nashville songwriter pivoted to promoting 'Better Hurry Up' after coronavirus derailed his tour

There are "no limitations" on the size or scale of such social gatherings "as long as necessary precautions are taken" Missouri Governor Says Concerts Can Resume on Monday Alex Young

For those looking for a European insurance exposure, four interesting picks emerge that can withstand both a low interest rate environment and COVID-19 impacts. Capital returns look attractive and we believe insurance companies will pay the dividend d…

DPL Financial Partners has teamed up with Transamerica to offer RIA clients a new annuity product for retirement income.

In another volatile session, European stocks closed higher Thursday after the European Central Bank and then the Bank of England surprised markets by unveiling major asset-purchase programs to combat the financial difficulties caused by the coronavirus outbreak.

In 2008 Alex Wynaendts was appointed CEO of Aegon N.V. (AMS:AGN). First, this article will compare CEO compensation...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AEGON N.V. London, 02 April 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AEGON N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have...

As the coronavirus pandemic has devastated the touring industry, it is not surprising that Live Nation, the world’s largest live-entertainment company, has been impacted on a scale arguably greater than that of any other company. Not only has it seen more tha…

Today, Aegon N.V. is participating in the annual Morgan Stanley Financial Services Conference, which for the first time, is being held virtually. Aegon’s Group Chief Financial Officer, Matt Rider, will discuss the company’s 2019 results, and provide an update on its capital position in light of the impact of the Coronavirus (COVID-19) outbreak and recent volatility in financial markets.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Public Key Infrastructure (PKI) is essential to handling the issuing of digital certificates and managing public-key encryption, but it can prove a burden for businesses. To make the process easier, certificate authority GlobalSign is launching a new automate…

Discover what factors are driving bankruptcies and how companies are mitigating them.

Today, Aegon announced its decision that its Annual General Meeting of Shareholders (AGM) will only be accessible by electronic means in light of the current circumstances caused by the COVID-19 outbreak.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Oregon-based promoter Soul’d Out Productions can now re-file their anti-trust suit in U.S. District Court

Top Ranked Income Stocks to Buy for January 28th

The AGM approved the proposal to appoint Lard Friese as member of the Executive Board for a term of four years. Lard Friese succeeds Alex Wynaendts as CEO of Aegon.

CEO Michael Rapino recently forecasted a late-2021 return to normal operations for the concert conglomerate

LYV earnings call for the period ending March 31, 2020.

Live Nation blockbuster $480 million purchase of a controlling interest in Mexican promoter OCESA Entretenimiento has been put on hold because of the COVID-19 crisis, Live Nation chief executive Michael Rapino announced Thursday.

Top Ranked Income Stocks to Buy for January 21st