Elon Musk Becomes World’s Fourth-Richest Person as Tesla Stock Hits New Record High

2020-8-18 16:55

Coinspeaker
Elon Musk Becomes World’s Fourth-Richest Person as Tesla Stock Hits New Record High

Tesla Inc (NASDAQ: TSLA) stock saw another historic surge on August 18. It jumped over 8% after the bell rang on Monday, retesting its all-time high of over $1,788. By the end of the trading session, Tesla shares rose 11.20% to close at $1,835.64, which marked a new all-time high for the stock. Such a jump has not only made Wall Street experts update their price targets for Tesla stock but also given an easy win to Elon Musk. After Tesla stock rise, Musk became the world’s fourth-richest person with the estimated fortune of $84.8 billion.

As Bloomberg has reported, Musk’s net worth rose by $7.8 billion on Monday. Having become the fourth-richest person in the world, Musk is remaining behind Facebook’s (NASDAQ: FB) Mark Zuckerberg ($99 billion), Microsoft’s (NASDAQ: MSFT) Bill Gates ($121 billion), and Amazon’s (NASDAQ: AMZN) Jeff Bezos ($188 billion).

In total, this year, Musk’s fortune has already grown by $57.2 billion. Seems like this growth has no signs of any slowing. Some believe that the entrepreneur’s another company SpaceX will further multiply his fortune. Currently, the company is finalizing its $2 billion funding that would increase its equity valuation to $46 billion.

Tesla Stock That Helped Musk to Become Fourth-Richest Person in the World

At the beginning of 2020, the coronavirus pandemic has seriously undermined the activity of most companies. In March, their stocks lowered to touch the bottom levels. Tesla stock suffered as well. However, it managed to recover and now it seems like even in the face of the global crisis, it is arguably one of Wall Street’s most expensive and impressive brands this year.

In July, TSLA stock hit an important milestone of a $300 billion market cap. Besides, the electric vehicle manufacturer delivered an impressive Q2 2020 earnings report, which has led the market cap and the company’s value further.

Some believe that Tesla stock is too expensive and not worth investing in. Others are raising their price targets for the stock and suggest that there is still much room for further growth. For example, yesterday, Wedbush analyst Dan Ives upped his price target for Tesla to $1,900 from $1,800. Earlier, Morgan Stanley upgraded their prediction from $1,050 to $1,360. Deutsche Bank has also raised its price target for Tesla stock to $1,500 from $1,000.

Yesterday, Tesla stock closed at $1,835.64 per share. In the pre-market today, Tesla stock is further 4.21% up, trading at $1,912.99 right now. Tesla’s market cap is $342.09 billion, the stock is as much as 338.80% up year-to-date. If the company is included in the S&P 500 Index, this growth will be even more impressive.

Elon Musk Becomes World’s Fourth-Richest Person as Tesla Stock Hits New Record High

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

LALA World (LALA) íà Currencies.ru

$ 0.0004568 (+0.76%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 5.17 %, 7d: 9.44 %
Cåãîäíÿ L: $0.0004568 - H: $0.0004568
Êàïèòàëèçàöèÿ $113.883k Rank 1808
Öåíà â ÷àñ íîâîñòè $ 0.0002086 (118.98%)

person world fourth-richest billion musk new elon

Èñòî÷íèê: coinspeaker.com

person world → Ðåçóëüòàòîâ: 126


Ôîòî:

Ripple Joins Over 40 Companies To Launch A Single Global Payment System, PayID: All You Need To Know

Ripple, the company behind the XRP token, on Thursday said it plans to help launch PayID after joining a consortium of over 40 global companies and nonprofits. The San Francisco-headquartered firm is now part of the Open Payments Coalition that will debut PayID which will enable people around the world to easily pay a person […]

2020-6-19 21:46


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


Facebook Stiffs Russia Over Wallet-Busting $46 Fine

Despite having a CEO who is the fifth-richest person in the world, Facebook failed to pay a $46 fine to Russian authorities. The fine originated from Facebook's failure to comply with a 2015 law that requires foreign-based online service providers — such as social media platforms — to store the personal data of their users […] The post Facebook Stiffs Russia Over Wallet-Busting $46 Fine appeared first on CCN.com

2019-9-10 23:04


Ôîòî:

Cryptocurrency education company Cryptowisser now lists and reviews more than 500 exchanges

The cryptocurrency education company Cryptowisser entered the market in April 2018. Their ambition was to open the doors to the cryptocurrency world to everyone. And, according to Cryptowisser, the first step in that ambition is to facilitate a person’s choice of cryptocurrency exchange, as that choice is also such person’s entry into the cryptocurrency world.

2019-9-2 11:35


Mark Zuckerberg’s ‘new rules’ for the internet happen to benefit Facebook

Facebook has recently outlined how it intends to clean up its content, making much of the fact that it has expunged 3.3 billion fake profiles in the last six months. After 18 months of mounting criticism, culminating in Senator Elizabeth Warren’s promise to break up so-called Big Tech – she is now a leading contender to become the Democratic presidential nominee – can we take Mark Zuckerberg’s promise that this is only the start at face value?  To put it another way, can we trust the person whose stewardship of one of the world’s most powerful companies over the past… This story continues at The Next Web

2019-7-10 14:00


Bitcoin: Max Keiser, Erik Voorhees and others argue if Satoshi created Bitcoin as p2p electronic cash or gold 2.0

Bitcoin’s whitepaper intrigued a lot of people across the world as Satoshi Nakamoto was the first person to create an e-cash/digital cash by solving the double spend problem. Ever since its inception, the price of Bitcoin has been highly speculative and its use case has often been discussed/argued by various proponents of Bitcoin.

2019-5-31 16:16


Over the Past 24 Hours Alone, Bitcoin Processes Approximately $7 Billion in BTC Transactions

Bitcoin continues to represent the juggernaut cryptocurrency in the blockchain world. Over the last 24 hours, as if to illustrate this fact over the last 24 hours, approximately $7 billion worth of Bitcoin transactions have been moving on and off chain over this time, amounting to more than 1.3 million BTC moving from person to […]

2019-4-16 03:52


Number of Dapps on EOS, Tron and Ethereum growing but daily active user numbers stagnating

Dapps are new type of applications, decenralized apps that run on blockchain networks, such as Ethereum. The applications are called “decentralized” because blockchain platforms like Ethereum are decentralized and run on various servers or computers around the world, instead of on one server or computer controlled by a single person or organization.

2019-4-15 22:36


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru