Featured News

Elon Musk’s net worth has increased by $30 billion in a day

Elon Musk’s net worth $30 billion
Image: Video Screenshot

Elon Musk’s net worth increased by $33.8 billion to $304.2 billion in one day, making it one of the largest one-day wealth increases in history.

According to the Bloomberg Billionaires Index, Musk has surpassed Amazon CEO Jeff Bezos, who now ranks second on the list with a fortune of $196 billion.

Tesla shares rose 13.5 percent to $1,199.78 on Monday. Musk owns approximately 18% of all Tesla shares and has previously walked the walk on his claims of reducing his stake by approximately 10%.

Similarly, Musk made an estimated $25 billion profit in a single day last year. Musk’s fortune grew to $174 billion as Tesla’s share price increased by 20%. Musk’s net worth increased by $121 billion in 2021.

Meanwhile, Tesla delivered a record 936,172 vehicles in 2021, an increase of 87% from the 499,550 vehicles delivered in 2020.

Elon Musk’s electric car company produced more than 305,000 vehicles and delivered more than 308,000 vehicles in the fourth quarter (Q4), 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.

The Model S and X received 11,750 deliveries, while the Model 3 and Y received 296,850.

The Model 3 and Y also had the most deliveries, with 936,172 shipments, compared to 24,964 deliveries for the Model S and X.

Tags

About the author

Polina Tikhonova

Polina Tikhonova from Kyiv is Insider Paper’s Editor/Writer. Besides editing pieces, Polina covers articles with a focus on World affairs and politics at Insider Paper. Polina holds a Bachelor’s Degree in Journalism. Her articles and news reports have been published by many newspapers, magazines, journals, blogs, and online media sources across the globe. Polina is fluent in English, German, Ukrainian, and Russian.




Daily Newsletter