June 19, 2024


Elon Musk Becomes World Richest After Tesla Car Deal.

Tesla CEO Elon Musk just made another $25 billion in a sweet address to a care agency, as if he wasn’t already wealthy enough. He already holds the title of the richest person alive, having surpassed Amazon founder Jeff Bezos in September, but he hasn’t stopped there. Tesla has now entered the ranks of Facebook, Google, Apple, and Microsoft as a trillionaire.

Hertz announced on Monday that it was going to shop for 100,000 Tesla Model three sedans to add to its apartment car fleet, causing Tesla’s percentage rate to surge. Tesla’s stock soared to a high of $25.6 billion (A $34.1 billion), a thirteen percent increase on the day, making it the company’s most profitable day ever. The shares were valued at $1,024.86 per share via market close, and the agency’s market capitalization surpassed $1 trillion.

Mr. Musk made a lot of money, considering he owns roughly a 20% share of the company. In fact, he made more money than anyone else has ever made. According to Forbes, Mr. Musk’s net worth has risen to the whopping US $255.2 billion (A $343.2 billion). It’s “the healthiest he’s ever been, and arguably the wealthiest person on the planet.” “He is the wealthiest billionaire Forbes has ever recorded,” the publication reported.

Mr. Bezos, who ranks second on the rich list with a fortune of US$193.2 billion, is far behind. Musk is worth more than the combined net worth of Google co-founder Larry Page, who ranks 6th on the rich list with a net worth of US$118.2 billion, and Facebook CEO Mark Zuckerberg, who ranks seventh with a net worth of US$117 billion.

Mr. Musk’s net worth was the US $29.9 billion two years ago, and he’s now worth more than ten times that. The first batch of Tesla Model 3 sedans will be available for hire through Hertz in most major US and European markets beginning in early November, according to the agency. “Electric vehicles are already mainstream, and we’ve just begun to see significant global demand and interest,” Hertz CEO Mark Fields said.

“As a mobility agency, the new Hertz is set to lead the way, starting with North America’s largest EV apartment fleet and a commitment to grow our EV fleet and provide a pleasant apartment and recharging experience for entertainment and commercial sector clients throughout the world.” The 100,000 car contract is around 10% of what Tesla can produce in a year, leading to speculation that other apartment car companies have been locked out.

Global electric vehicle sales have increased by 200 percent in the last year, according to Hertz. That is certainly the case for Tesla, whose stock has risen by more than 80% in the five months since May.


Musk Instantly Becomes $25 Billion Richer. (2021, October 25). news. 

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