$36 billion earned in one day, Elon Musk's crazy Monday - DALTONHURD

$36 billion earned in one day, Elon Musk’s crazy Monday

After the announcement of a record order by the rental company Hertz of 100,000 Tesla, the action of the car company jumped 12.7% propelling its boss Elon Musk to unprecedented levels of fortune.

Superlatives are lacking when talking about Elon Musk’s fortune. On Monday alone, the wealth of the founder of Tesla made an unprecedented stratospheric leap of 36.2 billion dollars (31.2 billion euros).

According to the Bloomberg Billionaires Index, Elon Musk’s fortune is approaching $300 billion. Yesterday, at the close of the New York Stock Exchange, it reached precisely 289 billion dollars. Now far ahead of that of Jeff Bezos ($193 billion) and Bernard Arnault ($163 billion).

Since the beginning of the year, the boss of Tesla and Space X has seen his wealth jump by 119 billion dollars.

As a symbol, this Monday the fortune of the king of electric cars exceeded the capitalization of the largest American oil company Exxon Mobil. Elon Musk alone is worth more than the oil giant ($272 billion). Like a symbolic handover between the world champion of fossil fuels before and the one after with electricity. An oil giant at the origin of which we find Standard Oil created by John D. Rockefeller considered the richest man of all time. Other symbol.

Monday’s gain of more than 36 billion follows a surge in Tesla stock which rose more than 12.6% yesterday. The electric vehicle pioneer surpassed $1 trillion in market capitalization and became the sixth most valuable company in the world ahead of Facebook.

Tesla is worth 12 times General Motors on the stock market

The Stock Exchange welcomed very favorably the announcement of the mega-order of 100,000 Tesla by the rental company Hertz for an amount of 4.2 billion dollars. The first models of Tesla Model 3 will be available for rental within a few days in the United States and Europe.

Other good news this Monday for the manufacturer: the Tesla Model 3 became the best-selling car in Europe in September. A historic first for electric vehicles. With 24,600 copies sold, the little Tesla topped two thermal vehicles, the Renault Clio and the Dacia Sandero.

For its part, the Model Y, Tesla’s new SUV, ranked second in the market for 100% electric cars in September. Tesla thus logically dominated the ranking of electric vehicles in September, with a market share of 24%, ahead of the Volkswagen group (22%), Stellantis (13%), and Hyundai-Kia (11%).

With a capitalization of 1010 billion dollars, Tesla is now worth 12 times more on the stock market than General Motors (84 billion dollars), the largest American automaker.

Frederic Bianchi

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