Elon Musk grew by more than $ 25 billion a day
Just like the Blackjack and Sport universe, last month Elon Muskthe week started great. In just one day, the founder of Tesla and SpaceX increased his net worth by more than $ 25 billion after his company’s stock rose, elevating him higher among the world’s richest people.
The wealth of the 50-year-old South African-Canadian Jew is now $ 255.8 billion. Forbes’ real-time ranking of the world’s billionaires. This makes him richer than the founder of Google Larry Page, and Mark Zuckerberg incorporated.
Hertz announced last month that it plans to buy a total of 100,000 vehicles from Tesla Inc. from November. Hertz said the program would increase Hertz’s total fleet of premium vehicles by more than 20 percent, primarily in long-haul electric cars from Teslan Model 3 sedans. Making this direct purchase would cost a whopping $ 25 billion.
“We are more than excited to work with Tesla,” he said Mark P. Frissora, President and CEO of Hertz. “We believe that electric cars will be increasingly important for future mobility as the world focuses on reducing pollution and energy sustainability.”
Musk is currently the richest person ever and probably the richest man to ever walk on the planet. Other billionaires have been richer at different times. As the founder of the company that imported Tesla’s electric sedan Elon Musk, CEO of Tesla Motors can thank a large part of its assets for its 241 million stake in the company. In addition to boosting investor confidence in the company, it has raised its profile among consumers, making it a serious car manufacturer.
Tesla Inc. closed at about $ 978 a share after the Herz news, making it the most valuable auto company in the U.S. – more valuable than General Motors, Ford Motor Co and Fiat Chrysler Automobiles (when their shares are converted to number of shares). Of the Tesla common stock they hold). The share price has risen nearly 33% since the beginning of the year, enough to give Tesla a market value of $ 968 billion. By 4pm next Monday, Tesla’s market capitalization exceeded $ 1 trillion; stock closed at $ 1,024.86 a unit, an increase of 12.6% in one day.
The company’s valuation has swelled over the past year as it competes with Amazon Inc., Alphabet Inc.’s Waymon, Apple Inc. and others to develop self-driving vehicles for the masses. Tesla’s share has more than quintupled since its 2010 IPO, boosted by Musk’s ambitious expansion plans, including exploration space Space X. The company was recently valued at $ 74 billion after a major round of financing earlier this year. Shares of Space X have recently been traded on the secondary market for $ 100 billion.
Musk, who has worked primarily as an engineer and visionary on projects that gave birth to unprecedented ideas and companies, is now a kind of celebrity. He has also shown a willingness to accept the formation by attacking vehemently short sellers, investors who bet on his companies, Twitter comments.
This has been the year of Elon Musk. Tesla and SpaceX the entrepreneur overtook Jeff Bezos as the richest person in September. At the time, he joked to Forbes about sending a silver medal to Amazon founder and rival space billionaire. “Jeff deserves credit for his vision and accomplishment,” Musk told Forbes when he finished second on Forbes ’annual World Billionaires list.
Jeff Bezos it has something to do. Amazon’s founder’s assets were down $ 1 billion on Monday from Friday as Amazon’s stock faltered before the third-quarter earnings report. The Hertz contract is the largest order for electric vehicles ever (100,000) and will bring Tesla approximately $ 4.2 billion in revenue, according to Bloomberg. In addition to new orders, Hertz will also retrofit its existing vehicle fleet to accept Tesla Chargers.
The company later announced that Hertz is working with Tesla to add thousands of its fully electric Model 3 cars to its rental fleet. The news comes just after the rental company was bought out of bankruptcy just months after it started renting Ford Model T cars. According to a recent press release, Hertz hints that the Teslan Model 3 will be available for rent in the U.S. and Europe in early November. Hertz’s stock also rose to $ 27 a share after a bold move.
HT