Tesla stock Surges and causes Elon Musk’s net Wealth to reach $232billion

Tesla stock Surges and causes Elon Musk’s net Wealth to reach $232billion

Elon Musk, the CEO of Tesla and SpaceX, is still the wealthiest person on the planet. Tesla stock soared at the close of the trading week, boosting Musk's fortune.

Tesla, Inc. is a clean energy and electric car corporation established in Austin, Texas. Tesla creates electric vehicles, battery energy storage from the home to the grid, solar panels and solar roof tiles, as well as other products and services. With a market capitalization of approximately $1 trillion, Tesla is one of the world's most valuable corporations and the world's most valuable automaker.

Tesla’s stock price is now valued at 905.39 USD which is an increase of $175.22, a 24% increase in the last six months.

Musk's net worth is now $232 billion, up roughly $8 billion from Friday. However, the tech mogul has lost $38.8 billion this year. His net fortune was $46 billion more than Jeff Bezos'.

He has a net worth of roughly 120 million troy ounces of gold and 2.15 billion barrels of crude oil at the moment.

On Friday, the stock's price increased by about 4%, bringing its market capitalization to $935 billion.

Tesla's stock is gaining traction, according to Musk's recent tweet. "We're working on Part 3 of our master plan right now," he stated.

Part 3 of the master plan comes after a report titled Part Deux, which was published in 2016. Part 1 of the master plan, written by Musk in 2006, comes after a report titled Part Deux, which was published in 2016.

The first proposal called for a high-priced, low-volume vehicle to aid in the development of a mid-range vehicle.

Part 3 might be more on autonomy. It will be covered, as well as Tesla's aspirations to expand its vehicle range to new categories. Tesla will eventually need to manufacture smaller, lower-cost EVs to maintain its expansion.

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