Tesla joins $1 trillion market cap club
Elon Musk, who is often in the headlines, has become more wealthy. Tesla CEO Elon Musk’s wealth has increased by $ 36.2 billion (Rs 2.71 lakh crore) in a single day. The sharp jump in Musk’s wealth comes after Hertz Global Holdings placed an order for 100,000 Teslas. Tesla shares jumped 14.9 percent after this big order and reached the level of $ 1,045.02. Tesla has become the world’s most valuable automaker, according to Reuters calculations.
Musk’s stake in Tesla is valued at $289 billion
According to reports, Elon Musk has a 23 percent stake in Tesla, which has joined the trillion dollar club. Elon Musk’s stake is currently valued at around $289 billion. Apart from Tesla, Elon Musk is a major shareholder and CEO of rocket maker SpaceX. According to a report by CNBC, SpaceX’s net worth in the October secondary share sale was $100 billion.
Biggest jump in wealth in one day
Elon Musk’s total net worth now stands at $288.6 billion, which is more than the market value of Exxon Mobil or Nike. This is the biggest jump in wealth in a single day in the history of the Bloomberg Billionaires Index. Last year, Chinese tycoon Zhong Shanshan’s wealth grew by $32 billion in a single day. Now Musk has left them behind. Elon Musk’s wealth has increased by $119 billion in 2021.
First automotive company in the trillion dollar club
Tesla is the first car company to join the elite club of companies with a trillion-dollar market cap. This elite club includes Apple, Amazon, Microsoft and Alphabet. Tesla has currently overtaken Facebook in terms of market cap. Facebook’s market cap is close to $926 billion.
