Elon Musk, CEO of Tesla and SpaceX is the world’s richest person recently added more $26 billion to his wealth. On Thursday, Tesla shares closed by a 22% high rise. It is the company’s second-biggest achievement since its IPO in 2010.
According to Forbes reports, Elon Musk’s net worth is now around $269 billion. He owns 13% of Tesla’s outstanding shares and a big amount of SpaceX shares which are valued at over $200 billion in the market. Alongside this, he is the controlling owner of X (formerly Twitter) which added more billion to his net worth.
Therefore, the Thursday closing reports suggested that Tesla earnings would be more than expected. Elon Musk’s confident call during the earnings announced that “vehicle growth” of Tesla will be 20% to 30% increase next year.
However, the company’s shares had dropped and Tesla faced its worst month since January before the Thursday closing shares. Surprisingly, the loss was dodged by its stock and is 5% high in 2024 compared to Nasdaq’s 23% gain.
Earlier this month, Musk also introduced its robotaxi project which will be open for public use in Texas and California in the coming year. The project shows Tesla’s vision of a car or taxi fully operated by machines.
Unfortunately, the company still hasn’t developed a product that carries humans safely at the wheel with steady brakes and steering functionality. Meanwhile, Alphabet’s Waymo has constantly operating a driverless service since June.
Tesla’s soaring share earnings are reported per share at 72 cents. Musk intends to increase his personal wealth to $270.3 billion, making a huge difference from the other wealthiest persons in the world.
Thanks for choosing to leave a comment. Please keep in mind that all comments are moderated according to our comment Policy.