November 28, 2021

$ 36 billion earned in one day, Elon Musk’s Mad Monday

After the announcement of a record order by rental company Hertz of 100,000 Tesla, the share of the car company jumped 12.7%, propelling its boss Elon Musk to levels of fortune never reached.

Superlatives are lacking when it comes to Elon Musk’s fortune. On Monday alone, the heritage of the founder of Tesla made an unprecedented stratospheric leap of $ 36.2 billion (31.2 billion euros).

According to the Bloomberg Billionaires Index, Elon Musk’s fortune is approaching $ 300 billion. Yesterday, at the close of the New York Stock Exchange, it reached precisely 289 billion dollars. Now far ahead of Jeff Bezos ($ 193 billion) and Bernard Arnault ($ 163 billion).

Since the start of the year, the boss of Tesla and Space X has seen his assets jump by $ 119 billion.

As a symbol, on Monday the fortune of the king of electric cars exceeded the capitalization of the largest American oil company Exxon Mobil. On his own, Elon Musk is worth more than the oil giant ($ 272 billion). As a symbolic handover between the world champion before fossil fuels and the after with electric. An oil giant at the origin of which we find Standard Oil created by John D. Rockefeller considered the richest man of all time. Another symbol.

Monday’s $ 36 billion gain follows the surge in Tesla stock which rose more than 12.6% yesterday. The electric vehicle pioneer surpassed $ 1 trillion in market capitalization and became the sixth most valued company in the world ahead of Facebook.

Tesla is worth 12 times General Motors on the stock market

The Stock Exchange has very favorably received the announcement of the mega-order of 100,000 Tesla by the lessor Hertz for an amount of 4.2 billion dollars. The first Tesla Model 3 models will be available for rental in the next few days in the United States and Europe.

Another good news for the manufacturer on Monday: the Tesla Model 3 became the best-selling car in Europe in September. A historic first for electric vehicles. With 24,600 copies sold, the small Tesla has topped two thermal vehicles, the Renault Clio and the Dacia Sandero.

For its part, the Model Y, Tesla’s new SUV, ranked second in September in the 100% electric car market. Tesla logically dominated the ranking of electrics in September, with a market share of 24%, ahead of the Volkswagen group (22%), Stellantis (13%), and Hyundai-Kia (11%).

With a capitalization of $ 1,010 billion, Tesla is now worth 12 times more on the stock market than General Motors ($ 84 billion), the largest American automaker.