Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status.
Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the Forbes billionaires list.
Musk owns 12% of Tesla, which is worth more than $1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.
No one is buying Teslers. Why people are buying TSLA stock is beyond any rational argument.
It has started to make me question my sanity. Every week there is a headline like “Tesla sales collapse in Europe and Asia” or “Huge class action suit filed against Tesla” and the result is always the same: TSLA stock goes up.