Elon Musk made $36 billion in a single day on Tesla’s historic stock surge
Thanks to a rental-car company that at one point went bankrupt, Elon Musk is now worth a mind-boggling $289 billion.
The personal wealth of Tesla’s TSLA,
Even combining the wealth of Microsoft MSFT,
Tesla’s valuation surged past $1 trillion on Monday, with the stock closing at a record high of $1,024.86 after Hertz HTZ,
Hertz emerged from bankruptcy this summer, after filing more than a year ago due to the pandemic.
As for Musk, his one-day wealth gain surpassed that of gross domestic products for entire countries, including Estonia, Latvia and Bolivia.
He’s also dominating rival auto makers of course.
The Wolf Street blog neatly visualized Tesla’s market cap against automakers including Toyota TM,