Elon Musk made $ 25 billion in one day

The tech giant, which has benefited from the boom in the sector and a very favorable analysis towards Tesla, saw its fortune jump on Tuesday.

Elon Musk’s fortune is soaring. acknowledged a record day Tuesday, March 9 with a personal gain of 25.1 billion euros (21 million euros) from 149 to 174 billion dollars in just 24 hours, according to.

The Canadian is thus approaching Jeff Bezos, who also experienced a sharp increase in his fortune on Tuesday ($ 5.95 billion). Only six billion now separate the two tech moguls. Beyond the giants neck and neck for the title of the richest man in the world, for now, the entire tech sector has had very good results on Tuesday. Mark Zuckerberg (Facebook) won $ 3.8 billion against 2.16 for the co-founder of Oracle, Larry Ellison. Likewise, Larry Page, co-founder of Google, pocketed $ 1.3 billion.

If Elon Musk peaked at the top of the rankings on Tuesday, it was thanks to the soaring share of Tesla which gained almost 20% at the close of Wall Street. A jump that it owes in particular to the figures published on the sales of the manufacturer of electric cars in China, where it delivered more than 18,000 vehicles in February. An increase of 18% which suggests that Tesla will reach its sales target of at least 200,000 vehicles in the Chinese market this year, said Daniel Ives, analyst for Wedbush Securities.

An analysis favorable to Tesla

Another factor largely contributed to Tesla’s stock boom. Tuesday, Pierre Ferragu of New Street Research published an analysis on the place of Wall Street which clearly noted the attractiveness of the title, recommended to investors. In the note, the analyst said the group could achieve earnings per share of $ 12 by 2023, almost double what experts predict so far. “These earnings revisions should take the action to $ 900 in the next twelve months”, says the score obtained by AFP.

Some analysts also noted the correlation between the dynamics of the title Tesla and, which prance Tuesday up 4% to around $ 54,000. Last month, Elon Musk gave virtual currency a solid boost and soon claimed to accept the purchase of his vehicles with bitcoin.

Founded in 2003, Tesla posted an annual net profit for the first time last year of $ 721 million, benefiting from a growing interest in electric vehicles. The brand delivered almost half a million cars in 2020, a far cry from the 9.5 million vehicles sold by the world’s number one by volume, Toyota.

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