Axar.Az Logo

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. 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.

2019.11.03 / 22:37
See also

Washington blames FB, Youtube for anti-vax propaganda

Zuckerberg wants Facebook to become online 'metaverse'

Zoom presents Zoom Apps, Zoom Events

Jeff Bezos made his first flight into space

Facebook: it should not be blamed for U.S.

WhatsApp to let users message without their phones

Netflix files appeal against court ruling over network usage fee

Musk to face second day of questioning in SolarCity trial

Netflix, Universal extend licensing deal

Tik Tok will automatically delete these videos

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla