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Musk creates history. Gain of $2,715,00,000,000 in one day

Tuesday, October 26, 2021 | Chimniii Desk
Key Points

  • Tesla's stock rose 14.9 percent to $1,045.02, making it the world's most valuable automaker.
  • Bloomberg estimates Musk's 23 percent share in the new trillion-dollar firm is worth $289 billion.
  • Musk is also a major shareholder and CEO of SpaceX, a private business valued at $100 billion as of an October secondary share sale, per CNBC.
  • Musk's net worth of $288.6 billion currently exceeds Exxon Mobil and Nike combined.
  • A $119 billion increase in wealth in 2021.Tesla is the first carmaker to join the trillion-dollar club, which includes Apple, Amazon, Microsoft, and Alphabet.
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    His personal fortune increased by $36.2 billion (2.7 lakh crore) after Hertz Global Holdings ordered 100,000 Teslas. Tesla's stock rose 14.9 percent to $1,045.02, making it the world's most valuable automaker.

    Bloomberg estimates Musk's 23 percent share in the new trillion-dollar firm is worth $289 billion.

    Musk is also a major shareholder and CEO of SpaceX, a private business valued at $100 billion as of an October secondary share sale, per CNBC. Musk's net worth of $288.6 billion currently exceeds Exxon Mobil and Nike combined.

    It surpassed Chinese entrepreneur Zhong Shanshan's $32 billion gain last year when his bottled-water company, Nongfu Spring Co., went public.

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    A $119 billion increase in wealth in 2021.

    Tesla is the first carmaker to join the trillion-dollar club, which includes Apple, Amazon, Microsoft, and Alphabet.

    Model 3 sedan maker Tesla is currently the second fastest firm to reach this milestone, taking little over 11 years from its public debut in June 2010. Facebook Inc. did it faster, albeit its market valuation has fallen below $1 trillion in recent months.

    Musk's compensation at Tesla includes 12 option tranches that vest as Tesla's market capitalization and financial growth increase. Musk may buy Tesla shares for $70 each, a 90% discount from their current price.

    Tesla last week announced $3.2 billion in adjusted EBITDA, up 77% year-on-year. With nearly $8 billion in options vested as of Monday, that's enough to vested

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