Search results
Results from the WOW.Com Content Network
Having been first listed on the Forbes Billionaires List in 2012, [418] around 75% of Musk's wealth was derived from Tesla stock in November 2020. [419] Describing himself as " cash poor ", [ 420 ] [ 421 ] a year later, he became the first person in the world to have a net worth above $300 billion.
In November 2021, Musk proposed on Twitter to sell some of his Tesla stock. [96] After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week, [96] and a total of $16.4 billion by year end, reaching the 10% target. [97]
According to the Wall Street Journal, in September 2018, the company's stock fell to its lowest price in a year, around the time that CEO Elon Musk smoked marijuana during a live TV interview. [177] As of December 31, 2019, Musk owns 38,658,670 Tesla shares or 20.8% of the company. [178]
The stock market soared in the wake of President-elect Donald Trump's Nov. 5 victory, but no individual benefited more from his defeat of Vice President Kamala Harris than Elon Musk, one of Trump's...
The specifications promised in late 2019 could not be even remotely reached.. Instead of costing $70,000 in the tri-motor version, the Cyberbeast, as it is now known, costs $100,000, and for that ...
What to know about Tesla’s surging stock price. ... Tesla’s (TSLA) first quarter results were disappointing, with revenues down 9 percent from 2023 to $21.3 billion and net income down 55 ...
Musk has defended his wealth by saying he is accumulating resources for humanity's outward expansion to space. [12] At the start of 2020, Elon Musk had a net worth of $27 billion. [13] By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. [14]
The total amount of Tesla stock Musk has sold since April, when he announced his bid to buy Twitter, stood at $23 billion — and for the year Musk has unloaded $40 billion of stock.