Elon Musk Made $ 2.3 Billion for an Hour

Business | January 30, 2020, Thursday // 16:07
Bulgaria: Elon Musk Made $ 2.3 Billion for an Hour novinite.bg

This was thanks to Tesla's increase in market capitalization

The wealth of the US entrepreneur Elon Musk has increased by $ 2.3 billion just for an hour due to Tesla's market capitalization, Bloomberg and BGNES reported.

The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at 5:16 p.m. in New York, boosting the chief executive officer’s net worth to about $36 billion, according to the Bloomberg Billionaires Index.

Elon Musk holds a 22% stake in Tesla.

Tesla Motors was founded in 2003 as a developer and manufacturer of electric vehicles and related technologies. Its headquarters are in California. The company also manufactures batteries and electric motors and sells them to other companies.

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Tags: Elon Musk, Tesla, market capitalization

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