Tesla owner Elon Musk's net worth crosses $250 billion

[dani191]

Tesla owner Elon Musk's net worth crosses $250 billion
Tesla's stock hit a new all-time high extending gains after the electric vehicle maker reported another quarter of record sales and profitability.

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Written By:

Zee Media Bureau
Edited By:

Shubham Singh
Updated:
Oct 23, 2021, 13:50 PM IST

Highlights

1. The shares of the electric vehicle manufacturer finished at roughly $910 per share, putting its market value beyond $900 billion for the first time.
2. Musk owns more than 20% of Tesla.
3. Musk is thought to possess approximately 48% of SpaceX.

New Delhi: Elon Musk, the world's richest man, has a net worth of $250 billion, as Tesla shares set new all-time highs.
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The shares of the electric vehicle manufacturer finished at roughly $910 per share, putting its market value beyond $900 billion for the first time. Musk owns more than 20% of Tesla, according to reports.


Tesla's stock hit a new all-time high extending gains after the electric vehicle maker reported another quarter of record sales and profitability.
At the start of the year, Musk owned a 22.4 percent share in Tesla, which is currently valued almost $201 billion. SpaceX, which was recently valued at $100 billion and is the world's second most valuable private firm, after TikTok parent ByteDance, accounts for the majority of Musk's remaining wealth.


Musk is thought to possess approximately 48% of SpaceX, assuming his share hasn't been diluted by recent investment rounds for the space exploration company.
Musk's net worth might rise even more when he earns more Tesla shares as part of his complex compensation plan, which gives him options based on profit, revenue, and market valuation milestones.

Tesla owner Elon Musks net worth crosses $250 billion

Teslas stock hit a new all-time high extending gains after the electric vehicle maker reported another quarter of record sales and profitability.

zeenews.india.com

 

[Hafizzz]

Thanks to Chinese buyers of Tesla Vehicles who pushed his personal wealth to record high of $ 250 Billion.

 

[dani191]

Thanks to Chinese buyers of Tesla Vehicles who pushed his personal wealth to record high of $ 250 Billion.

not only chineese the stock is well overvaliued and the tesla cars are very expensive

 

[HttpError]

He could be the first person to hit the $1 Trillion mark.

 

[dani191]

He could be the first person to hit the $1 Trillion mark.

yes if space x will do well with the sataliete that supply internet to all the world

 

[HttpError]

yes if space x will do well with the sataliete that supply internet to all the world

Starlink would be revolutionary. Imagine it has the potential to replace all existing ISPs we see today. All you'd need is a Starlink dish, Modem, and subscription and it doesn't matter what country, state, city, or remote area of the world you live in you will have ultra-fast high-speed internet.

 

[dani191]

Starlink would be revolutionary. Imagine it has the potential to replace all existing ISPs we see today. All you'd need is a Starlink dish, Modem, and subscription and it doesn't matter what country, state, city, or remote area of the world you live in you will have ultra-fast high-speed internet.

starlink its only places with no internet avilibale and its not cheap at all

 

[HttpError]

starlink its only places with no internet avilibale and its not cheap at all

With time and mass adoption, the prices will come down eventually.

 

[dani191]

With time and mass adoption, the prices will come down eventually.

he need to increase the sattlites when starship is ready he can ship 400 satalites in one time

 

[Itachi]

he need to increase the sattlites when starship is ready he can ship 400 satalites in one time

Starlink will have 40k, if not more, satellites in a decade or two. Price will also come down.

 

[dani191]

Starlink will have 40k, if not more, satellites in a decade or two. Price will also come down.

he need to replace the satalite every 5 years

 

[Itachi]

he need to replace the satalite every 5 years

What?? Where did you get that number from?

 

[Yongpeng Sun-Tastaufen]

He is only worth 1 life. His own. He will die just like any homeless man.

 

[Menthol]

The Fed is pumping the Tesla share.

Because it's a national champion.

Do you know what does it mean?

Buy the share quickly!!!