[ad_1]
New Street research management partner Pierre Ferragu provides insight into Tesla’s profitability, stock and future.
Elon Musk’s personal wealth seems like it flies higher than a SpaceX rocket.
Bloomberg reported on Monday that Musk, the CEO of Telsa, has passed Bill Gates to become the second richest person in the world behind Jeff Bezos.
LAS VEGAS CASINO RECOVERY THREATENED BY CORONAVIRUS LOCKDOWNS IN NEW CALIFORNIA
The report says that a Tesla rally on Monday grossed Musk around $ 7.2 billion, bringing his new net worth to $ 127.9 billion.
The report says Gates’ net worth would be higher, but he donated huge sums of money to charities during the year, including $ 27 billion to his Gates Foundation.
Last week it was reported that Tesla would be added to the S&P 500 Index on December 21. Tesla shares jumped nearly 14% after the announcement.
CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS
Tesla shares have climbed 387.8% this year as the company finally makes money steadily after years of losses and continues to make milestones on its vehicle deliveries. Tesla earned $ 331 million in the third quarter on revenue of $ 8.77 billion.
Tesla shares could double as global demand for electric vehicles increases over the next five years, according to a Wall Street analyst.
The Associated Press contributed to this report
[ad_2]
Source link