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Home News & Updates

Elon Musk becomes a record $25 billion richer in one day after Tesla shares soar 20%

by SNC Team
August 21, 2021
in Blog, Events & Conferences, Interviews, News & Updates, PodCast, Press Release, Startup Stories
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Elon Musk
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US giant electric car manufacturer Tesla and SpaceX CEO Elon Musk set a new record as has made a fortune of $ 25 billion in a single day. Tesla stocks rose 20 per cent jump with which  Elon Musk’s wealth has now risen to $ 174 billion. With this, now Elon Musk has reached almost near to Jeff Bezos, the world’s first richest man and Amazon CEO in terms of wealth. This is the biggest jump in the stock of any company within a year.

Elon Musk

Jeff Bezos’ wealth skyrocketed to $ 180 billion after the boom in Amazon’s shares. At the present moment, Elon Musk is just $ 6 billion behind Jeff Bezos. In January this year, Elon Musk for a shorter span became the richest person in the world. Tesla shares skyrocketed because of Wall Street research analyst Pierre Ferragu as he advised people to purchase Tesla shares. Tesla has also made the largest ever investment in bitcoin a few weeks ago.

One Tweet From Musk Wiped His $15 Billion Wealth

Elon Musk on his favourite social media platform Twitter told that Tesla has invested $ 150 million in Bitcoin. Bitcoin crossed a record high of $ 58,000 as soon as Elon Musk invested in it heavily, but one of his tweets brought this bitcoin back to the level of $ 50,000. This decline comes after Elon Musk’s comment when he said that the prices of Bitcoin and Ether were quite high. After which, Tesla shares also fell by 8.5 per cent clearing more than $ 15 billion of Elon Musk’s assets. Elon Musk’s aerospace company SpaceX raised $ 850 million earlier this month, bringing the company’s value to $ 74 billion, which is 60 per cent higher than in August last year.

Elon Musk

Read More: RailTel IPO opens for subscription on Tuesday Should you subscribe?

In a piece of fresh news, Elon Musk is preparing to build a city named Starbase in the Texas area of ​​America. It is speculated that the city may be located near the launch centre of his company SpaceX. Musk’s SpaceX uses Boba Chika Village in Texas for its test flight centre and launch activities. But now Musk is going to settle in a city named Starbase near it. At the age of 10, Elon Musk developed an interest in computing and taught himself computer programming and, by the age of 12, he sold code for a basic video game, which he sold for about $ 500.

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