Such surge places Elon Musk’s automobile company as the fifth-biggest company in the U.S stock market index when considering the share classes of Alphabet. It is now just behind Apple, Microsoft, Amazon, and Alphabet.
About a fifth of the car company’s shares is presently owned by the Chief Executive, Elon Musk, and other insiders.
Elon Musk is now worth $209 billion. It’s important to note that the fastest rising billionaire keeps 8.9% of his wealth ($18.7 billion) in private assets and most of his wealth comes from Tesla, the most valuable car company which he founded over a decade ago.
Elon Musk’s Tesla holdings are presently worth $150 billion.
Stock experts anticipate a Democratic-controlled U.S Senate is bullish for Tesla, on the bias that there would be more pro-renewable investments at least for the next few years.