Nagpur: Tesla and SpaceX chief Elon Musk’s personal fortune on Monday jumped by $36.2 billion after Hertz Global Holdings placed an order for 100,000 Teslas. According to Reuters, the company’s shares surged as much as 14.9 per cent, making it the world’s most valuable automaker.
As per Refinitiv, Musk’s stake of 23 per cent in the trillion-dollar company is now worth $289 billion. Even Musk expressed surprise at the velocity of the surge. Musk tweeted “Strange that moved valuation, as Tesla is very much a production ramp problem, not a demand problem.”
In another tweet, Musk said “Wild $T1mes!”
Wild $T1mes!
— Elon Musk (@elonmusk) October 25, 2021
Tesla has become the first carmaker to join the trillion-dollar companies club which included Apple Inc, Amazon, Microsoft and Alphabet. Hertz interim CEO Mark Fields told Reuters, “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest.”
