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Added on the 01/02/2018 10:59:38 - Copyright : Wochit
On Friday, Tesla climbed as much as 8.4%. That's the 11th straight day of gains as the automaker's massive rally continues into the new year. The billionaire investor Chamath Palihapitiya said Thursday that Tesla's market cap stood to triple from its already lofty levels. Investor Michael Burry told Tesla bulls in a tweet on Thursday that they should enjoy the rally "while it lasts."
Business Insider reports that Elon Musk is now the richest man in the world. His net worth has skyrocketed to $187 billion. He is the CEO of two companies, Tesla and SpaceX, and the founder of three more. He's also been married three times and has triplets and twins. He recently had another baby with his girlfriend, the musician Grimes.
Last year Tesla CEO Elon Musk predicted autonomous driving would boost his company's market capitalization to $500 billion. On Monday, Tesla's market cap soared as high as $498 billion even though Tesla is still refining its self-driving software. Business Insider reports that it has only released a beta version to a limited number of customers. Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC reported. The Tesla chief projected in 2015 that his company's market cap could balloon to $700 billion by 2025.
Business Insider reports that Elon Musk is $8 billion away from surpassing Bill Gates as the world's second-richest person. This week Musk's wealth has continued to climb. Musks networth hit $114 billion after Tesla was added to the S&P 500 index, edging out Facebook CEO Mark Zuckerberg. It's gained another $10.2 billion after Tesla shares spiked 10% on Wednesday, according to Bloomberg.
Argentina's President Javier Milei visits the Tesla factory in Austin, United States, with Tesla CEO Elon Musk. IMAGES
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