Home » Markets » Elon Musk banks almost $12B of Tesla money in seven days
Elon Musk banks almost $12B of Tesla money in seven days
Tesla will lead EV market for ‘quite some time’: R ‘Ray’ Wang
Constellation Research founder R ‘Ray’ Wang joins ‘Varney & Co.’ to discuss Tesla shares following their record revenue and earnings report.
Elon Musk added another $11.98 billion to his bank account over the last week, as tracked by the Dow Jones Market Data Group.
The most recent filings show Musk holds 423,622,000 shares in Tesla worth $53.87 billion as of close of trading on Jan.19. The total value of those holdings jumped to $67.89 billion based on Thursday’s closing price.
The weekly total doesn’t account for Musk’s other assets and liabilities as CEO of SpaceX and Twitter, founder of The Boring Company, and co-founder of Neuralink and OpenAI. Forbes lists Musk’s overall worth at $168.7 billion.
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Tesla is up nearly 25% over the past five days and up 48% since the start of the year. The stock remains the Nasdaq 100's best performer, despite being down approximately 42% lower over the past year.
Shares have also rallied the last month, revving almost 30% into the green. Tesla is currently on its longest winning streak since Sept.12, 2022, when it rose for five straight trading days.
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