The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15. This marks a 29% increase over those six months. That's according to a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion. Jeff Bezos wealth increased 64.8%, from $113 billion to $182. Mark Zuckerberg's wealth increased from $54 billion to $100.
On Wednesday, Tesla shares rallied as much as 10%. The rally added about $32 billion in market value to the company. Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days. On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization. Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.
Elon Musk was seen arriving at an industrial estate in Berlin on Wednesday as he appears to be opening a new front in the European battle for electric car supremacy: the power behind the wheel. This report produced by Yahaira Jacquez.
[NFA] Democratic presidential nominee Joe Biden appears to be leading President Donald Trump among likely voters in Wisconsin, according to a Reuters/Ipsos opinion poll released on Monday. Gavino Garay has more.
Tesla is launching its own insurance company. The company will be called Tesla Insurance. The company believes that it will be able to offer insurance rates for Tesla owners up to 30% lower than other..