Right in the first session of the US stock market in 2022, many technology stocks simultaneously increased strongly. Among them, the most prominent are shares of Apple and Tesla.
With a 13.5% gain in the session on January 3, Tesla shares were close to $1,200. This rapid growth helped Elon Musk’s total wealth (Tesla CEO) increase by 33.8 billion USD, reaching 304.2 billion USD, according to Bloomberg Billionaires Index. This is the first time in Bloomberg’s history that the magazine has recorded such a large (intraday) increase in wealth.
In the past year 2021, Tesla has recorded extremely positive business results. Only in the fourth quarter, the company delivered more than 300,000 vehicles, bringing the total number of cars sold for the whole year to 936,000 units. Compared to 2020, Tesla’s vehicle sales are up 87%. The electric car company’s impressive business results along with Elon Musk’s huge influence on the financial markets have made Tesla’s stock one of the hottest investment channels in 2021.
With $304.2 billion, Elon Musk is currently the second-richest billionaire in the world, just behind Jeff Bezos, the boss of Amazon.