Musk earns $1.41 billion per hour as Tesla surge continues
Musk earns $1.41 billion per hour as Tesla surge continues
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Elon Musk competed to become the wealthiest person in the planet in 2021. Musk is also busily solidifying his place at the top of the world's wealthiest list, fueled mostly by the rate at which Tesla is extending its dominance in the field of electric transportation. The Tesla CEO's personal fortune increased by as much as $33.8 billion on Monday, a day when Tesla shares rose sharply.

According to the Bloomberg Billionaires Index, Musk's net worth is presently $304.2 billion. He has not only surpassed Amazon's Jeff Bezos last year, but he is also gaining ground on him. Bezos' net worth is currently $196 billion.

Tesla shares, which rose 13.5 percent to $1,199.78 on Monday, are powering the rally. Musk controls over 18 percent of all Tesla stock and has previously demonstrated that he intends to reduce his holdings by around 10%. While there was a drop in share prices, with roughly $10 billion worth of stock sold, the EV maker's valuation had already risen to above $1 trillion last month. However, while $304.2 billion is a huge sum, Musk's fortune peaked at $340 billion in 2021. 

While Musk has a share in SpaceX, it is widely assumed that Tesla is his cash cow. In 2021, the electric vehicle manufacturer increased its global deliveries to about one million vehicles. Only in the fourth quarter of the year did the corporation supply 300,000 units. According to sources, the Tesla Model 3 and Model Y were the most popular electric vehicles from the American firm, with 911,208 units delivered in total.


While the pandemic and chip shortage have dogged the global automotive industry as a whole, Tesla has shown remarkable aptitude in navigating its way out of stormy waters, and is now forecasting greater growth in the coming year.

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