January 5, 2022
1 min read

Musk’s net worth jumps $30 bn in a day


Tesla shares that saw a 13.5 per cent rise to $1,199.78 on Monday. Musk owns around 18 per cent of all Tesla shares and had previously walked the talk on his claims of reducing his stake by around 10 per cent….reports Asian Lite News

SpaceX and Tesla CEO Elon Musk fortune jumped by $33.8 billion to $304.2 billion, creating one of the biggest one-day jumps in wealth.

According to the Bloomberg Billionaires Index, Musk’s Musk once again surpassed Amazon CEO Jeff Bezos, who now stands second on the list with a $196 billion fortune.

Tesla shares that saw a 13.5 per cent rise to $1,199.78 on Monday. Musk owns around 18 per cent of all Tesla shares and had previously walked the talk on his claims of reducing his stake by around 10 per cent.

Last year similarly, Musk had earned a profit of an estimated $25 billion in one single day. As Tesla’s share rose by 20 per cent Musk’s fortune multiplied to $174 billion. Musk added $121 billion to his net worth in 2021.

Meanwhile, Tesla delivered a record 936,172 vehicles in 2021, an 87 per cent increase over the 499,550 vehicle deliveries Tesla made in 2020.

In the fourth quarter (Q4), the Elon Musk-run electric car-maker achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles — up from 241,300 deliveries in the third quarter (Q3).

“In 2021, we delivered over 936,000 vehicles. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great year,” Tesla said in a statement recently.

Of the deliveries, 11,750 were for the Model S and X, while 296,850 were for the Model 3 and Y.

Both the Model 3 and Y also made up the most of deliveries at 936,172 shipments, compared to the 24,964 Model S and X deliveries.

ALSO READ: Pramila Jayapal hits out at Elon Musk

Previous Story

Blinken, Sheikh Abdullah discuss Russia-Ukraine tensions

Next Story

US condemns capture of UAE-flagged ship by Houthis

Latest from Business

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding
Go toTop

Don't Miss

IMF cuts global economic forecast to 4.4%

The forecast, however, is subject to high uncertainty and risks

Motorola launches new affordable ‘moto g42’ in India

The smartphone is available in a single 4GB RAM+64GB storage