Tag: টেসলা

Musk is now worth $500 billion, when will he become a trillionaire?

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Desk Report: Elon Musk, the entrepreneur behind companies like Tesla, SpaceX, Neuralink and X, has become the first person in human history to own a fortune of half a trillion dollars. According to Forbes’ real-time billionaires tracker, the world’s richest person is now worth $500.1 billion. Musk became the first person to own a fortune of $400 billion or more last December. He is now $150 billion ahead of second-place Oracle co-founder Larry Ellison. The South African-born businessman’s wealth is largely based on his electric car company Tesla. Musk owns…

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Musk strengthens his control over Tesla, buys $1 billion worth of shares

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Desk Report: Tesla CEO Elon Musk has bought nearly $1 billion worth of Tesla shares, according to a regulatory filing. Musk’s control over the company has been further strengthened. Tesla shares rose more than 8 percent in early trading on Monday after the news. Tesla is currently on a roll with ambitious plans to expand its reach into robotaxis, artificial intelligence (AI) and robotics. The company is seeking to transform itself from an electric carmaker into a technology company. According to LSEG, Musk owned about 13 percent of Tesla in…

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Elon Musk could become the world’s first trillionaire with Tesla’s new proposal

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Desk Reports: Tesla shareholders could see Elon Musk become the world’s first trillionaire if they approve a new proposal. The proposed package would see Musk awarded an additional 423.7 million Tesla shares if he meets certain financial goals, valuing the company at about $143.5 billion at current market prices. However, the condition for getting these shares is that Tesla’s market value will increase dramatically in the coming years to reach $8.5 trillion. As a result, the price of the shares will increase several times compared to the current one, making…

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