Tesla CEO Lord King Elon Musk is finally richer than Facebook co-founder Mark Zuckerberg after Tesla 5-1 stock split.
According to the Bloomberg Billionaires Index, Elon Musk passed Facebook Inc. co-founder Mark Zuckerberg today as shares of the electric vehicle maker rallied 12.57% after undergoing a forward stock split, adding $11.7 billion to the net worth of Elon Musk.
Elon Musk is now worth $115.4 billion compared with $110.8 billion for Zuckerberg.
Tesla market cap is now a whopping $464 billion, compare to Toyota $182.919 billion, General Motors $42.403 billion, Volkswagen $73.499 billion, Daimler $45.622 billion, BMW $38.877 billion.
Elon Musk’s net worth has grown massively almost $88 billion this year alone, as shares of his company, the world’s most valuable electric vehicle manufacturing companies are up almost 500%. The CEO has also bagged corporate pay deals, bigger than what any CEO has ever bagged historically. A deal is known to be the largest corporate pay deal ever struck between a chief executive officer and a board of directors.
This Is Just The Beginning
On September 22, Tesla is set to announce a battery breakthrough that the company has been working on since the last battery announcement.
Wall Street analysts are predicting the electric car manufacturer will announce a million miles battery.
“We’re all waiting to see what Tesla is going to come out within the battery,” Brian Gu vice chairman and president of China’s newest publicly traded electric vehicle maker Xpeng.
“We believe that the China growth story is worth at least $400 per share in a bull case to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months, along with major battery innovations coming out of Giga 3 (million-mile battery remains an elusive goal now in the grasp in our opinion),” Ives wrote in a note.
“In our view, nothing matters more on Battery Day than understanding how the ‘million-mile’ batteries could profoundly change the auto business model,” Philippe Houchois of Jefferies wrote.
The latest analyst to rate the stock is Canaccord Genuity analyst Jonathan Dorsheimer. He maintained a Hold rating on Tesla on Friday and set a price target of $442.00.
Aright guys, do you think Elon Musk will one day be the richest man alive?.