Business Standard

Friday, December 20, 2024 | 12:02 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Musk's fortune climbs $30 bn in a day over Tesla's record quarter

Musk's fortune jumped by $33.8 billion on Monday to $304.2 billion

Elon Musk
Premium

Elon Musk

Bloomberg
Elon Musk started 2022 with a bang.

Tesla reported it had smashed its previous record for vehicle deliveries, spurring a rally in the electric car-maker’s shares and creating one of the biggest one-day jumps in wealth.

Musk’s fortune jumped by $33.8 billion on Monday to $304.2 billion, according to the Bloomberg Billionaires Index. Jeff Bezos, second on the list, has a $196 billion fortune.

Tesla’s shares rose 13.5 per cent to $1,199.78 on Monday after fourth-quarter results handily exceeded analysts’ estimates for auto deliveries. 

The company’s market valuation jumped back above $1 trillion after a dip in November and early December.

Musk, who owns about

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in