It looks like the initial days, months and years of struggle are gone for Tesla and Elon Musk who is the founder and CEO of Tesla. This is because we are getting reports after another that Tesla is achieving new heights in the markets ever since it has entered the Chinese market and successfully manufactured and delivered its first cars which are the Model 3 in China. Also, Tesla says that it will be ready to deliver Tesla Model 3 to general customers in China as early as later this month.
All these positive news have meant that one person has massively benefited and the person is Tesla’s CEO Elon Musk whose net wealth has increased by $2.1 billion according to a report from Forbes. The publication also reports that Tesla, the electric car manufacturer, has also become the most valuable car company ever in the US which says a lot about Tesla’s achievements in the industry. We have companies like Ford, GM and others who Tesla has now eclipsed and is rising to new heights and setting records.
Also, Tesla’s stokes spiked ever since the company revealed that they have delivered 112,000 vehicles in the fourth quarter which is higher than expected by analysts. The spike in Tesla’s shares was also because we have seen Tesla failing to manufacture and deliver cars in previous quarters so for the company to achieve its target and do it even better is huge.
Elon Musk’s net worth has also spiked $2.1 billion and it is now at $28.8 billion after a rise of 13% in Tesla’s shares. At the moment, Elon Musk owns 22% of Tesla’s shares and it is roughly half of his fortune who is currently the 34th richest person in the world. Apart from Tesla, Elon Musk has his $12.5 billion fortune in SpaceX which is also his company in the aerospace segment.