Finance

Elon Musk 14 Billion Dollar Richer After Hertz Orders 100,000 Teslas

Tesla started the week well with a mega order from car rental company Hertz, which ordered 100,000 electric cars. Hertz will soon be renting out the Teslas in major cities in Europe and the United States.

Mega order

Tesla’s stock rose to more than $1 trillion as a result of the mega order. That is one thousand billion dollars and converted to about 860 billion euros. Tesla is only the fifth American company ever to be worth this much.

Elon Musk owns 21 percent of Tesla stock, writes Forbes. The magazine has followed the richest people in the world for decades. Due to the appreciation of the share, the billionaire’s wealth increased by 13.9 billion dollars (12 billion euros).

According to Forbes, Musk is currently richer than he’s ever been, the richest person likely to ever walk the earth, and richer than any other billionaire Forbes has ever followed. His net worth is estimated by the magazine at $243.6 billion (€210 billion).

Silver medal for Bezos

The Tesla CEO is therefore worth more than Google co-founder Larry Page (sixth richest in the world) and Facebook CEO Mark Zuckerberg (seventh richest in the world) combined.

Musk passed Jeff Bezos as the richest man in the world last month. He joked at the time, telling Forbes that he would “send the Amazon founder a silver medal.” The devaluation of Amazon stocks is widening the gap between Musk and Bezos. Bezos’ net worth is currently estimated by Forbes at $192.8 billion.

Profit increase

Bloomberg news agency reports that Hertz’s deal with Tesla will boost the electric car maker’s profits of $4.2 billion.

Four months ago, the rental company appeared to be going under, but Hertz escaped bankruptcy. The first Teslas will be available for rent from the beginning of next month. Hertz’s stock rose as the markets opened.

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