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Home People Billionaire Watch

Elon Musk gains $19bn in 3 days, gap with Jeff Bezos shrinks to $4bn

Michael Ndu-Okeke by Michael Ndu-Okeke
April 14, 2021
in Billionaire Watch, Business News, Spotlight, Tech News
Elon Musk, Tesla, SEC, Stock, Twitter, COVID-19: Tesla’s Elon Musk to produce ventilators as fast-spread of disease lingers

Elon Musk

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Elon Musk has witnessed an eventful past three days as his wealth leapt from $175 billion (as of last week Saturday) to $194 billion this morning.

The eccentric businessman has now closed the gap between himself and Jeff Bezos to just about $4bn according to Bloomberg Billionaires Index.

Nairametrics is quickly going to highlight the reasons for the recent massive surge of dollars for Elon Musk.

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Tesla share price increase

According to Market Watch, Tesla stocks ended yesterday at their highest value in 8 weeks. The electric car company stock price increased by 8.6% and sold at $762.32.

According to Motley Fool, the reason for this increase is a generally upbeat mood in the market about growth stocks. It also believed the increase was driven by optimistic comments about Tesla stocks by trusted analysts.

A surge in Tesla car sales

According to Nairametrics finance department, Tesla delivery of new cars in the last 3 months of the year exceeded Wall Street expectations. Tesla delivered 184,800 new cars from January to March. This number exceeded Wall Street expectations pegged at 177,000 cars.

What you should know

  • Jeff Bezos only gained $1bn in the last 3 days, the same duration of days Elon Musk gained $19bn according to the Bloomberg Billionaire’s index.
  • Tesla is currently being portrayed and compared to Apple. The EV carmakers are modelling their vehicles and branding them to fit the “Apple of electric cars” persona. This was made public by Canaccord Genuity analyst Jed Dorsheimer. This also played a role in the surge of stock prices.
  • Tesla is currently the most valuable car company in the world with a market capitalization of $593.8 billion according to Yahoo Finance.

Follow us for Breaking News and Market Intelligence.
Tags: Business NewsElon MuskJeff BezosTesla
Michael Ndu-Okeke

Michael Ndu-Okeke

I am Michael Ndu-Okeke, a crypto reporter and analyst covering the intriguing world of Cryptocurrencies and its market. My work focuses on informative news, industry trends and research explaining the crypto industry to a wide range of readers.

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Comments 1

  1. Manasseh Mtengega Gyum says:
    July 4, 2021 at 10:56 pm

    Talking about the CD that JAMB give us most of them are empty CDs so what syllables are they saying was their in the CD (what an act of pity to Nigerias including education you people mess how will this country ever grow or develop, imagine how will be in some few years to come ) people will die in the hands fake doctors and so on oh my heart bleeds for my dear NIGERIA. GOD HAVE MERCY.

    Reply

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