Bulletin
Investor Alert

Oct. 26, 2021, 4:21 a.m. EDT

Elon Musk made $36 billion in a single day on Tesla’s historic stock surge

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tesla Inc. (TSLA)
  • X
    Amazon.com Inc. (AMZN)
  • X
    Microsoft Corp. (MSFT)

or Cancel Already have a watchlist? Log In

By Barbara Kollmeyer

Thanks to a rental-car company that at one point went bankrupt, Elon Musk is now worth a mind-boggling $289 billion.

The personal wealth of Tesla’s /zigman2/quotes/203558040/lastsale TSLA +0.91% chief executive officer shot up by $36.2 billion on Monday, according to the Bloomberg Billionaire Index . He’s now comfortably ahead of Amazon /zigman2/quotes/210331248/composite AMZN -8.43% CEO Jeff Bezos’s $193 billion wealth pile, that dropped by $751 million on Monday as shares of the e-commerce giant fell 0.5%.

Even combining the wealth of Microsoft /zigman2/quotes/207732364/composite MSFT -2.36% co-founder Bill Gates and Facebook boss Mark Zuckeberg doesn’t touch Musk’s money pile — their combined wealth is $257 billion.

Tesla’s valuation surged past $1 trillion on Monday , with the stock closing at a record high of $1,024.86 after Hertz /zigman2/quotes/227855833/composite HTZ -2.26% announced plans to order 100,000 Tesla vehicles and a Morgan Stanley analyst lifted his forecast on the auto maker.

Hertz emerged from bankruptcy this summer, after filing more than a year ago due to the pandemic.

As for Musk, his one-day wealth gain surpassed that of gross domestic products for entire countries, including Estonia, Latvia and Bolivia.

He’s also dominating rival auto makers of course.

The Wolf Street blog neatly visualized Tesla’s market cap against automakers including Toyota /zigman2/quotes/200537742/composite TM -1.30% , Volkswagen /zigman2/quotes/203434344/delayed XE:VOW3 -1.02% , BYD /zigman2/quotes/206867707/delayed HK:1211 -2.75% , Daimler , General Motors, /zigman2/quotes/205226835/composite GM -0.89% BMW /zigman2/quotes/202432319/delayed XE:BMW -0.21% , Ford /zigman2/quotes/208911460/composite F -7.61% , Stellantis /zigman2/quotes/204248628/composite STLA -1.63% , Honda /zigman2/quotes/207173990/composite HMC -2.34% and SAIC /zigman2/quotes/201442870/delayed CN:600104 -0.80% .

/zigman2/quotes/203558040/lastsale
US : U.S.: Nasdaq
$ 189.98
+1.71 +0.91%
Volume: 232.66M
Feb. 3, 2023 4:00p
P/E Ratio
52.38
Dividend Yield
N/A
Market Cap
$601.12 billion
Rev. per Employee
$637,144
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 103.39
-9.52 -8.43%
Volume: 144.37M
Feb. 3, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1059.46 billion
Rev. per Employee
$333,539
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 258.35
-6.25 -2.36%
Volume: 29.08M
Feb. 3, 2023 4:15p
P/E Ratio
28.72
Dividend Yield
1.05%
Market Cap
$1923.11 billion
Rev. per Employee
$923,502
loading...
/zigman2/quotes/227855833/composite
US : U.S.: Nasdaq
$ 18.16
-0.42 -2.26%
Volume: 2.16M
Feb. 3, 2023 4:00p
P/E Ratio
9.93
Dividend Yield
N/A
Market Cap
$6.06 billion
Rev. per Employee
$373,870
loading...
/zigman2/quotes/200537742/composite
US : U.S.: NYSE
$ 144.71
-1.91 -1.30%
Volume: 248,148
Feb. 3, 2023 4:00p
P/E Ratio
9.79
Dividend Yield
2.43%
Market Cap
$199.93 billion
Rev. per Employee
$724,875
loading...
/zigman2/quotes/203434344/delayed
XE : Germany: Xetra
131.94
-1.36 -1.02%
Volume: 1.17M
Feb. 3, 2023 6:30p
P/E Ratio
4.07
Dividend Yield
5.73%
Market Cap
€76.83 billion
Rev. per Employee
€396,258
loading...
/zigman2/quotes/206867707/delayed
HK : Hong Kong
$ 254.80
-7.20 -2.75%
Volume: 8.34M
Feb. 3, 2023 4:08p
P/E Ratio
N/A
Dividend Yield
0.05%
Market Cap
$901.80 billion
Rev. per Employee
$883,626
loading...
/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 41.13
-0.37 -0.89%
Volume: 18.57M
Feb. 3, 2023 4:00p
P/E Ratio
6.71
Dividend Yield
0.88%
Market Cap
$57.36 billion
Rev. per Employee
$938,533
loading...
/zigman2/quotes/202432319/delayed
XE : Germany: Xetra
97.58
-0.21 -0.21%
Volume: 1.80M
Feb. 3, 2023 6:30p
P/E Ratio
3.58
Dividend Yield
5.94%
Market Cap
€64.12 billion
Rev. per Employee
€1.11M
loading...
/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 13.23
-1.09 -7.61%
Volume: 165.50M
Feb. 3, 2023 4:02p
P/E Ratio
N/A
Dividend Yield
4.54%
Market Cap
$52.74 billion
Rev. per Employee
$913,624
loading...
/zigman2/quotes/204248628/composite
US : U.S.: NYSE
$ 16.33
-0.27 -1.63%
Volume: 5.48M
Feb. 3, 2023 4:00p
P/E Ratio
3.00
Dividend Yield
6.90%
Market Cap
$51.88 billion
Rev. per Employee
$657,910
loading...
/zigman2/quotes/207173990/composite
US : U.S.: NYSE
$ 24.60
-0.59 -2.34%
Volume: 1.39M
Feb. 3, 2023 4:00p
P/E Ratio
7.96
Dividend Yield
3.13%
Market Cap
$42.06 billion
Rev. per Employee
$617,627
loading...
/zigman2/quotes/201442870/delayed
CN : China: Shanghai
¥ 14.84
-0.12 -0.80%
Volume: 19.73M
Feb. 3, 2023 3:00p
P/E Ratio
10.16
Dividend Yield
4.60%
Market Cap
¥171.46 billion
Rev. per Employee
¥3.61M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.