Saturday, January 22, 2022

Elon Musk earned more than Rs 100 billion every hour, Tesla’s stock jumped 13.5% on the first trading day of the year

New Delhi. Tesla CEO Elon Musk, who topped the list of the world’s richest people during 2021, has made a great start this year as well. Musk has registered an increase of $ 33.8 billion (about Rs 2.53 lakh crore) in his earnings on Monday i.e. on the first day of the stock market in 2022. The biggest reason for this is the increase in the share price of Musk’s electric car company Tesla (Tesla Shares Surge).

Tesla CEO Elon Musk is worth $304 billion, according to the Bloomberg Billionaires Index. Musk is the richest person in the world. Last year, Elon Musk’s net worth reached an all-time high of $340 billion. During that time he left behind Jeff Bezos of Amazon. This year also they seem to be making a lot of progress. Bezos currently has a net worth of $196 billion.

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There was a huge jump in Tesla’s stock
The reason for the increase in Musk’s wealth is mainly Tesla shares. Tesla shares rose 13.5% to $1,199.78 on Monday. Musk owns about 18% of all Tesla shares. Tesla’s car sales have been increasing for six consecutive quarters. Because of this, Tesla’s stock price has skyrocketed. On Monday, the company’s stock rose 13.5 percent to reach $1,199.78.

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Tesla increased its manufacturing
Musk’s EV manufacturing company has doubled its worldwide deliveries to nearly one million units in 2021. The company delivered 3 lakh units in the last quarter of the year alone. According to reports, Tesla Model 3 and Model Y were the most popular EVs from the American manufacturer, with 911,208 units of both sold.

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Entry to be held in India
Electric car maker Tesla is about to enter India. The company had registered last year in Bengaluru, Karnataka. After this, the company is continuously demanding relief on import duty in India. At the same time, no concrete decision has been taken by the government so far.

Tags: business news in hindi, Electric Car, Elon Musk, Tesla

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