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8 Nov, 2024

Tesla $1 trillion market cap, Musk worth $300 billion

Financial Report0 Comments

Shares of Tesla increased more than 10% to nearly $330, giving the company a market value of over $1 trillion, for the first time since April 2022, sparked in part by Donald Trump’s presidential election win. The company’s valuation has nearly doubled over the last six months.

Musk’s net worth rose by $13 billion to over $300 billion for the first time in more than two years. Musk is $70 billion wealthier than the next closest competitor, Larry Ellison.

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