Forbes: Elon Musk’s fortune has grown by almost ten billion dollars

The fortune of the head of the electric car manufacturer Tesla increased by $ 9.9 billion last week, Forbes magazine estimated.

According to the publication, Musk’s fortune increased by almost 9.9 billion due to the growth in the value of Tesla shares and amounted to $ 165.9 billion. According to the Forbes Real-Time list of billionaires updated in real-time, Musk still ranks third.

The price of Tesla shares increased by 7.8% last week, while on Friday the securities fell by 1.17%. The publication attributes such an active growth in the value of the company’s securities to general market optimism, given that the White House and a group of senators from the Democratic and Republican parties of the United States reached a preliminary agreement on an “infrastructure package” of approximately $ 1.2 trillion on Wednesday.

The American company Tesla Motors was founded in 2003 as a developer and manufacturer of electric vehicles and technologies related to them. The company is headquartered in Palo Alto, California. In addition to electric vehicles, the company produces batteries and electric motors using its own technology and sells them to other automobile companies, in particular Toyota and Daimler.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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