World’s Richest Man Becomes $26 Billion Richer After Tesla Shares Rally – His Total Worth $269 Billion
Elon Musk, already the world’s richest man, became $26 billion richer after the biggest rally recorded by Tesla stock since 2013 yesterday.
According to Forbes data, cited by CNBC, Musk’s net worth is approximately $269 billion.having… a $50 billion lead over former board member Larry Ellison Teslaand largest shareholder of Oracle.
Musk controls about 13% of Tesla’s stock, a share of which most of his wealth also comes fromalthough it owns a large stake in SpaceX, which is valued at over $200 billion. It also controls X, formerly Twitter, as well as artificial intelligence startup xAI.
Musk’s fortune could grow even higher depending on the outcome of a lawsuit filed by shareholders over his 2018 Tesla pay package, which is being debated in court.
The jump in Tesla stock on Thursday (+22% to $260.48) came after the better-than-expected results that the company announced, but also from the forecasts made by Elon Musk in a conference call with analysts according to which growth in car registrations will reach 20%-30% next year.
Musk spent most of the conference call pitching what he promises will be Tesla’s autonomous future, including a ride-hailing service that he says will open to the public starting next year in Texas and California.
Two weeks ago, Tesla held its much-anticipated robotaxi event, unveiling the Cybercab concept.
Tesla shares closed up 22% on Thursday, recording the second largest riseo since their entry on the stock market in 2010.
It is recalled that Tesla announced earnings per share of 72 cents, beating analysts’ estimates of earnings per share of 58 cents.
Source: Skai
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