After Hertz’s plan to buy 100,000 Tesla EVs, the capitalization of Tesla topped $1 trillion, which has made Elon Musk 14,3% (or $36 billion) richer, according to Bloomberg Billionaires. Now, Elon Musk is almost $100 billion richer than Jeff Bezos, whose net worth declined due to the 0.5% drop in Amazon stock.
This growth in Tesla’s capitalization made its capitalization comparable to that of all major car companies combined. And Musk himself can now “boast” that his fortune is higher than that of Bill Gates and Mark Zuckerberg combined.
Such a rapid rise in elon Musk’s fortune was due to a deal with Hertz Global Holdings Inc. which announced plans to order 100,000 Tesla cars.
As a result, Tesla stock rose 14 percent, and the company’s capitalization exceeded $1 trillion.
Now, Tesla is part of a fairly small group of companies with capitalizations above $1 trillion, which also includes Apple, Microsoft, Google (Alphabet) and Amazon.com, Inc.
Facebook, with a capitalization of about $932 billion, is not part of that group, though its capitalization used to exceed $1 trillion.
