he stock market recovered from a brief mid-June dip to rise to new record highs this week as the White House reached a deal with a bipartisan group of senators on an infrastructure bill. Tesla’s Elon Musk was the rally’s biggest beneficiary.
Musk, the world’s third richest person, saw his fortune grow by $9.9 billion, finishing the week at $165.9 billion. Tesla stock rose by 9% on Wednesday and Thursday and was up 7.8% for the week. Tesla handily outpaced the main stock indices: The S&P 500 index gained 2.7% this week, and the Dow Jones Industrial Average increased by 3.4%.
The Biden administration’s proposed $1.2 trillion infrastructure bill, announced Thursday, includes $15 billion in spending for a national network of 500,000 electric vehicle charging stations and electrifying school buses and transit buses in the U.S., according to a.
Tesla’s second-quarter delivery numbers, set to be released in the first week of July, will shed more light on the company’s growth. Its 185,000 deliveries in the first quarter were more than double what it reported in 2020. Despite this week’s surge, Tesla stock is still 24% below its January records—which briefly made Musk the world’s richest person. At a current No. 3, Musk trails Amazon CEO Jeff Bezos and French luxury goods tycoon Bernard Arnault.
The second-biggest winner of the week was Nike founder Phil Knight, whose fortune grew by $6.4 billion in one day on Friday. On Thursday afternoon Nike reported blockbuster earnings for its quarter and fiscal year ending May 31, 2021. Its revenue of $12.3 billion for the quarter nearly doubled last year’s number from the early days of the pandemic, and the stock soared 15.5% to a record high on Friday. Knight, who retired from Nike’s board in 2016, now has a net worth of $56.
I am afraid it was a combination of no hard work and tax avoidance!
I’m a conman or maybe I’m a god, zooming around the planet in my hyperloop and stuff.
Stupid headline. When tomorrow stock goes down we will know how Elon Musk become poorer on 10 Billion?
elonmusk JeffBezos richardbranson Why not invest in recovering our beautiful and long-suffering planet?Why not invest in plans to counteract more poverty in our countries?Why do they want to destroy our ozone layer with those useless tourist trips to space? SELFISHNESS!🤫😡💩
Why dont you ever do an article about how he became $10 billion poorer in a week, or a day, like a few months ago? Clickbait garbage.
Why
we don’t care
Many investors bought Tesla stocks, so TSLA stock went up. Big deal! lol
wow
Casual 🤔
It's not the 'Money' she finds attractive. It's being in proximity of a Man, with the ability to solve problems, gather resources, and build/manage relationships that makes him attractive to everyone. Now, get some Money. closerschool
$tesla stock easy also passive income to short it bitcoin
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