Elon Musk becomes first person ever worth $500 billion
Tesla's stock experienced a significant increase, with shares rising by more than 20% since the start of the year. This growth in stock value momentarily elevated the net worth of the company's major shareholder, Elon Musk, to $500.1 billion before a…
Tesla's stock experienced a significant increase, with shares rising by more than 20% since the start of the year. This growth in stock value momentarily elevated the net worth of the company's major shareholder, Elon Musk, to $500.1 billion before a slight decrease to $499 billion.
Elon Musk holds over 12% ownership in Tesla, contributing to his substantial personal wealth. Additionally, his other ventures, including SpaceX and the artificial intelligence company xAI, have seen growth.
Tesla's stock experienced a significant increase, with shares rising by more than 20% since the start of the year.
In a recent development, the Tesla board has proposed a compensation package for Elon Musk valued at one trillion dollars. This package is contingent upon Tesla reaching a market value exceeding $8.5 trillion within the next decade, a significant increase from its current valuation.
Based on reporting by Africanews.
