Elon Musk Banks Nearly $12B , of Tesla Money in a Week.
Elon Musk Banks Nearly $12B , of Tesla Money in a Week.
Fox Business reports that according to the Dow Jones Market Data Group, Musk added $11.98 billion to his wealth in seven days.
Musk holds 423,622,000 Tesla shares. .
Musk's holdings jumped from
$53.87 billion on Jan. 19 to $67.89 billion based on the closing price on Jan. 26. .
Tesla, which is up 48% since the beginning of 2023, remains the best performer on the Nasdaq 100.
According to the company's latest earnings release, Tesla brought in $24.32 billion in revenue in Q4.
That's a 37% increase from last year's fourth quarter.
Fox Business reports that Musk praised his Tesla team for delivering satisfactory results , "despite the fact that 2022 was an incredibly
challenging year due to forced shutdowns, very
high interest rates and many delivery challenges.".
Thus far in January, we’ve seen the strongest orders year-to–date than ever in our history. , Elon Musk, via earnings call.
We’re currently seeing orders at almost twice the rate of production, Elon Musk, via earnings call.
In January, Tesla said its vehicle production for the quarter amounted to more than 439,700 vehicles.
Deliveries came in at around 405,300