Published
4 years agoon
By
Joe Pee
Tesla, Musk’s company surged back to $190 billion, after the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at $712 billion coupled with the SpaceX he founded completing another funding round, pushing him atop the Bloomberg Billionaires Index for the third time in 2021.
The gains pushed Musk past Amazon founder, Jeff Bezos, who is now worth $185 billion and had a few days ago reclaimed the title as the world’s richest person after Tesla shares plunged to record levels.
Tesla Inc stocks were on a record buying spree at Wednesday’s trading session, indicating that global investors are buying the dip following a four-day plunge that erased the world’s most valuable car company year-to-date gains.
Recent reports say SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.
Such investment now puts SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.
Man arrested over death of woman set on fire on New York subway
Ghana and Nigeria play out pulsating draw in CHAN qualifier
Mahama Calls for Urgent National Dialogue to Rescue Ghana’s Ailing Education Sector
Sudan and Cote d’Ivoire take commanding first leg wins in final qualifiers
WAEC Warns of Continued Delays in WASSCE Results as Financial Crisis Deepens
Dozens of children killed in crush at Nigerian Christmas funfair
President-elect Mahama Calls for Urgent Overhaul of Ghana’s Energy Sector Amid Economic Concerns
Ghana Secures $316 Million in FDI for First Three Quarters of 2024
CAF President Dr Motsepe begins two-day tour of CHAN 2025 Host Nations in Tanzania on Thursday