UP

Elon Musk gets $2 billion richer after Tesla’s earnings

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Elon Musk has apparently added $2 billion to his net worth after the electric car maker Tesla posted surprise profits.

Axar.az reports citing Sputnik.

The 48-year-old Tesla CEO and co-founder owns about 22 percent of the company’s outstanding stock. Tesla’s shares rose by 24 percent in the week after it reported third-quarter adjusted earnings per share of $1.86 and $312 million in profit – after losing a total of $1.1 billion in the previous two quarters.

Wall Street analysts had projected a loss of 46 cents per share, so Tesla’s stock price skyrocketed, meaning that Musk’s net worth grew by nearly $2 billion to $22.9 billion.

He is now ranked the 21st richest person in the world, according to the Forbes 400 list, right between chocolate tycoon John Mars and hedge fund manager Jim Simons.

Musk - currently on a break from Twitter - also owns an estimated $12.5 billion stake in the rocket company SpaceX.

Date
2019.11.03 / 22:37
Author
Axar.az
See also

X CEO resigns after two years

TikTok plans new app amid US ban threat

AI ‘Godfather’ Hinton warns of mass unemployment

Tesla Model Y makes first driverless delivery

Huawei and Astana Innovations to test 10G network

iPhone 16 leads global smartphone sales in Q1 2025

X rolls out XChat in Beta

Vietnam to block Telegram on June 2

Whatsapp opens audio hangouts to all group sizes

Saudi Crown Prince launches ‘HUMAIN’ AI company

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla