January 5, 2022
1 min read

Musk’s net worth jumps $30 bn in a day


Tesla shares that saw a 13.5 per cent rise to $1,199.78 on Monday. Musk owns around 18 per cent of all Tesla shares and had previously walked the talk on his claims of reducing his stake by around 10 per cent….reports Asian Lite News

SpaceX and Tesla CEO Elon Musk fortune jumped by $33.8 billion to $304.2 billion, creating one of the biggest one-day jumps in wealth.

According to the Bloomberg Billionaires Index, Musk’s Musk once again surpassed Amazon CEO Jeff Bezos, who now stands second on the list with a $196 billion fortune.

Tesla shares that saw a 13.5 per cent rise to $1,199.78 on Monday. Musk owns around 18 per cent of all Tesla shares and had previously walked the talk on his claims of reducing his stake by around 10 per cent.

Last year similarly, Musk had earned a profit of an estimated $25 billion in one single day. As Tesla’s share rose by 20 per cent Musk’s fortune multiplied to $174 billion. Musk added $121 billion to his net worth in 2021.

Meanwhile, Tesla delivered a record 936,172 vehicles in 2021, an 87 per cent increase over the 499,550 vehicle deliveries Tesla made in 2020.

In the fourth quarter (Q4), the Elon Musk-run electric car-maker achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles — 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.

Of the deliveries, 11,750 were for the Model S and X, while 296,850 were for the Model 3 and Y.

Both the Model 3 and Y also made up the most of deliveries at 936,172 shipments, compared to the 24,964 Model S and X deliveries.

ALSO READ: Pramila Jayapal hits out at Elon Musk

Previous Story

Blinken, Sheikh Abdullah discuss Russia-Ukraine tensions

Next Story

US condemns capture of UAE-flagged ship by Houthis

Previous Story

Blinken, Sheikh Abdullah discuss Russia-Ukraine tensions

Next Story

US condemns capture of UAE-flagged ship by Houthis

Latest from Business

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.

UK Targets Apple’s Grip on Contactless Payments

The competition watchdog proposes lower fees and easier access to Apple’s payment technology to help digital banks and fintech firms challenge Apple Pay, reports Asianlite News Desk. Britain’s competition regulator has proposed
Go toTop

Don't Miss

63 moons wins ‘Asia’s Most Trusted Company’ award

Rajendran has expressed his gratitude to 63 moons technologies Chairman

US Lawmakers Grill Big Tech Leaders on AI Regulation

OpenAI CEO Sam Altman, Microsoft founder Bill Gates and Alphabet