In a day Elon Musk’s wealth surged $6 billion; Gets close to Jeff Bezos

Owing to increase the value of his E vehicle company, Tesla CEO, Elon musk gained nearly $6 billion in a single day closing the wealth gap with Jeff Bezos, Amazon founder and world’s richest man. Elon Musk has around $186 billion of fortune thanks mainly to his equities in Tesla, as per the Bloomberg billionaires. After his recent surge, he narrowed the gap between him and Jeff Bezos, who has a total net worth of $199 billion.

On Thursday while closing up at 3.5% at $679.82, Tesla’s share surged as much as 6.3% to $697.62. The losses piled up due to investors moving out of growth stocks and sentiments shifted against the company, in three sessions, the electric vehicle maker’s stock is up by nearly 10% leaving them poised to erase those losses.

When investors soured on the company amid growing competition threats being received from traditional automakers, the latest surge reversed nearly two months of lacklustre trading. To give long term Tesla shareholders preference in any future Initial Public Offer of the Starling unit of SpaceX, he will try to do his best as said by Elon Musk, Chief Executive Officer of Tesla, in one of his tweets to which some of the strength in the stock on Thursday could be attributed.

 

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