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Tesla capitalization exceeded $ 1 trillion, and Elon Musk became richer by 36 billion in a day

Elon Musk is the richest man in the world and his own fortune on Monday, October 25, grew to $ 288.6 billion. And all thanks to his company Tesla, whose capitalization exceeded $ 1 trillion.

The week kicked off with popular car rental service Hertz announcing the purchase of 100,000 Tesla electric vehicles. The market reacted to this message with rapid growth – over the day, shares of the world’s largest manufacturer of electric vehicles rose by almost 13%. As a result, Tesla’s market capitalization has surpassed $ 1 trillion for the first time ever. And Elon Musk, who owns about 20% of Tesla shares, became richer by $ 36.2 billion in less than a day. Interestingly, the Tesla founder’s fortune is now greater than the market value of Toyota, one of the main players in the global auto market ($ 282 billion), and other competitors such as General Motors ($ 83.9 billion) and Ford ($ 62.8 billion). …

Recall that Elon Musk first received the title of the richest man in the world in January 2021, overtaking the founder of the online retailer Amazon Jeff Bezos. Musk is now nearly 100 billion richer than Bezos, who is worth an estimated $ 192.6 billion.

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