Tesla “TechnoKing” and CEO Elon Musk surpassed Amazon’s Jeff Bezos by far as the world’s richest billionaire. Musk’s net worth, including his holdings of Tesla shares, now stands at $ 281 billion. Meanwhile, Amazon founder Jeff Bezos has a net worth of $ 193 billion, according to the Bloomberg Billionaires Index.
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After a strong call for third quarter earnings, Tesla stock was already on the rise. Then on Monday, the car rental company Hertz Global Holdings Inc. placed an order for 100,000 Tesla. That pushed Tesla’s stock up 9.8%, giving the company a market cap of over $ 1 billion. Tesla shares briefly hit $ 1,036 before declining slightly, likely due to sellers taking profit. That growth added $ 28.58 billion to Musk’s net worth, according to TheTechPortal.com.
While two-thirds of Musk’s net worth is made up of Tesla stocks, that’s not the only reason it has risen significantly this week. Musk’s 2018 Tesla stock option package was acquired in the third quarter, which contributed an additional $ 8 billion to his personal bottom line.
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Tesla also reported record third quarter 2021 revenue of $ 1.62 billion, according to TheTechPortal.com. Meanwhile, Musk’s other primary focus, SpaceX, recently completed two public hearings with the Federal Aviation Administration regarding the launch of the Starship / Super Heavy Luanch in Boca Chica, Texas. Interested parties are invited to view a Power Point from the audience and to share their comments via [email protected]
Also last week, Musk’s Boring Company just got the green light to expand the “Vegas Loop” tunnel, a zero-emission, all-electric vehicle transportation system that, when completed, is expected to cross the Las Vegas Strip. and reach Allegiant. Stadium and University of Nevada – Las Vegas. The section is currently licensed to travel 29 miles with 51 stations with a capacity of 57,000 passengers per hour, GOBankingRates reported.
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As the tunnel system seeks to keep traffic jams underground, it seems like nothing, at least for now, can reduce Musk (or his vast net worth).
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Last updated: October 25, 2021
This article originally appeared on GOBankingRates.com: Elon Musk’s Net Worth Rises To $ 281 Billion – Boosting His Wealth (And His Tesla Stock) Fast To The Rise