Musk’s fortune raised more than $6 billion Friday, according to Bloomberg, after Tesla’s stock surged 10.8% to a record $1,544 per share. Its market value stood at $286.5 billion. Musk owns 20.8% of Tesla’s stock, making his stake worth just under $60 billion. Musk is also the primary shareholder of privately held SpaceX, as well as a privately held tunneling company. Buffett’s fortune fell this week after he donated nearly $3 billion worth of Berkshire Hathaway stock to charity — part of his plan to give away most of his wealth to philanthropic ventures
Elon Musk is working to revolutionize transportation both on Earth and in space. His automaker, Tesla Inc., which was founded in 2003, is bringing fully-electric vehicles to the mass market. He settled with the SEC in September 2018 for making alleged “false statements” about a plan to take Tesla private, and had to step down as chairman .SpaceX, Musk’s rocket company, is now valued at more than $20 billion. He grew up in South Africa, and then immigrated to Canada at age 17. He landed in the US as a transfer student at the University of Pennsylvania.
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of Solar City, solar panel and solar roof tile manufacturing.
Tesla’s stock is up more than 500% over the past 12 months, exceeding the value of almost every company in the S&P 500. The electric car maker is the most valuable auto company on Earth. The 49-year-old Musk could eventually become the world’s richest person — a spot currently held by Amazon CEO Jeff Bezos — based on a pay package that Tesla shareholders approved in 2018.
Tesla`s solid delivery numbers heightened expectations of a profitable second quarter, which would mark the first time in its history that it would report four consecutive quarters of profit.
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