Elon Musk’s fortune grew by $33.5 billion in one day thanks to the record growth in shares of his car manufacturer Tesla. According to the Bloomberg Billionaires Index, Musk has strengthened his leadership in the ranking of the richest people in the world with a capital of 270 billion dollars.
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About 75% of Musk’s fortune is made up of Tesla shares and options, and the rest is made up of important stakes in SpaceX, the social network X and the company xAI, Bloomberg clarifies.
On October 24, Tesla shares on the Nasdaq rose 21.92% after the main trading session, reaching $260.48 per share. This is the maximum increase in contributions in the last 11 years.
This happened after the publication of the company’s financial report for the third quarter of 2024. In his words, Tesla’s revenue increased by 8%, to $25.18 billion; compared to $23.35 billion in the same period in 2023, net profit increased by 17% to $2.17 billion, after $1.85 billion in the third quarter of last year.
In July-September, Tesla produced about 470 thousand electric vehicles, compared to 430 thousand cars in the same period in 2023 (an increase of 10%).
The report also states that the company plans to develop a lower-cost electric vehicle model, which is scheduled to be launched in the first half of 2025. The cheapest Tesla electric car currently costs $29.9 thousand, as can be seen from the information contained therein. on the manufacturer’s website.
In early October, Meta* CEO Mark Zuckerberg ranked second on the Bloomberg Billionaires Index, ahead of Amazon founder Jeff Bezos. Zuckerberg’s fortune was estimated at $206 billion, Bezos’s at $205 billion. However, on October 25, Bezos returned to second place in the ranking with a fortune of 209 billion dollars, Zuckerberg fell to third place with 201 billion dollars.
*Meta is recognized as an extremist organization in Russia and is banned.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
