Elon musk just hit a new milestone- he made a record $25 billion in one day.
Tesla Inc.’s 20% jump on Tuesday, its biggest in more than a year- pushed the billionaire founder’s fortune to $174 billion, shortening the gap with Jeff Bezos who is the world’s richest person.
After three weeks of declines that sent the Nasdaq 100 Index down 11% from a peak, U.S. tech shares staged a stellar rally on Tuesday that lifted almost all of the gauge’s members.
Bezos and Musk have been striving for the top spot on the Bloomberg wealth Index since Tesla Inc. CEO took over in January, his fortune hit $210 billion. The two tycoons are now less than $6 billion apart.
Tesla also benefited from an upgrade by New Street Research analyst Pierre Ferragu, who recommended buying the stock, and a rally in Bitcoin.