Elon Musk’s Fortune Passes $300 Billion as Tesla Stock Soars

Elon Musk’s Fortune Passes $300 Billion as Tesla Stock Soars

  • Elon Musk is now worth $304.2 billion, according to Bloomberg after the billionaire’s fortune surged by $33.8 billion on Monday
  • The rise in the billionaire’s wealth is as a result of a rally in Tesla shares on Monday
  • Tesla shares went up by 13.5% to $1,199.78 on Monday, after a report that the company smashed a record for vehicle deliveries

Tesla Inc. has reported that it has smashed its record for vehicle deliveries, which caused the stocks of the electric car maker to rally on Monday.

Elon Musk

Tesla shares went up by 13.5% to $1,199.78 on Monday as results from the fourth quarter surpassed the expectation of analysts.
The result of this was Elon Musk’s net worth jumping by $33.8 billion, establishing a more significant lead at the top of the Billionaires Index.
Musk is now worth $304.2 billion, over $108 billion more in fortune than his closest rival Jeff Bezos who is valued at $196 billion.

This is the second time that the Tesla boss will be valued above $300 billion. He briefly became the first man to reach this milestone when the company’s market valuation jumped above $1 trillion in October 2021.

Read also: Apple Breaks Record With $3 Trillion Market Cap Milestone

Musk triggered a slide in the value of the company’s stock when he went on a selling spree in November and December, selling more than $10 billion worth of shares to pay tax obligations.

Despite the recent gains, Elon Musk remains some way off his peak wealth valuation of $340 million, when he became the richest-ever person in modern history.

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