Elon Musk’s Tesla now worths $834 billion, beating Zuckerberg’s Facebook $762 billion. Tesla recently, surpassed Facebook by market capitalization at the most recent trading session.
The tremendous performance places Elon Musk’s automobile company as the fifth-biggest company in the U.S stock market index when considering the share classes of Alphabet. It is now just behind Apple, Microsoft, Amazon, and Alphabet.
About a fifth of the car company’s shares is presently owned by the Chief Executive, Elon Musk, and other insiders.
Elon Musk became the richest person on earth last week, which he now worth $209 billion. It’s important to note that the fastest rising billionaire keeps 8.9% of his wealth ($18.7 billion) in private assets and most of his wealth comes from Tesla, the most valuable car company which he founded over a decade ago.
Elon Musk’s Tesla holdings are presently worth $150 billion. The electric car maker shares gained nearly 25% this week, far outperforming the S&P 500 and Dow Jones Industrial Average, which rallied by 1.8% and 1.6% for the week, respectively.
Tesla has gained more than 24,000% since its 2010 initial public offering, including a 5-for-1 stock split in 2020.