Monday , October 3 2022

What Tesla President becomes the third richest man in the world-Journal Económico


The personal assets of Tesla and SpaceX’s CEO Elon Musk increased by $15 billion (€12.6 billion) after Tesla entered the S&P500 index on Monday, “Business Insider” said. Assuming that, Musk will be the third richest man in the world by defeating Mark Jercover him.

After a new entry on the New York Stock Exchange, the electric car company’s stock rose 14% on the exchange after the market closed, ending a deal worth $408.09 (343.67 euros) each share. The company’s rise on Wall Street predicted trading of $51 billion (€43 billion) for a stock-adjusted fund.

From this year’s cumulative performance to yesterday, the company’s share price has risen close to 335% compared to the 11% increase in the S&P500.

Since Monday, Elon Musk’s fortune amounted to $117.75 billion (EUR 9 billion), with a total of over $90 billion (EUR 75.8 billion) since the beginning of the year. Euro). With these rises, Musk surpasses Zuckerberg on the list of multi-millionaires, with a total fortune of $106 billion (€892 billion).

With a current market capitalization of $400 billion (EUR 3366 billion), Tesla met all the requirements for inclusion in the US index after years of hard work. It is one of the top 10 most valuable companies as of December 21, when it officially entered the index.

To enter the current S&P500, businesses must be headquartered in the United States, have a market capitalization of at least $8.2 billion (EUR 6.9 billion) and hold at least 50% of their shares. It is possible to generate revenue for 4 consecutive quarters.

When entering the S&P500 Index, Tesla will take a place next to the tech Apple, Amazon and Berkshire Hathaway companies. To enter the stock market indices, Tesla has to replace an already publicly traded company, but the stock has not yet decided which one to leave.

In pre-opening trading, Tesla is now up 13% to $458.49 (385.78 euros), a significant increase from yesterday’s stock market closure.

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