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Tesla’s surge to record highs catapults Elon Musk’s net worth to $250 billion
Tesla’s stock price hit a record high on Friday and continued to rise after the electric car manufacturer announced another quarter of record sales and profits. Tesla’s share price rose 2% to reach a high of $910 per share, surpassing the previous high of $900.40 set in January, and the company’s valuation jumped to more than $900 billion for the first time.
On Wednesday, Tesla announced third-quarter earnings that exceeded analysts’ expectations and disclosed the company’s record profits and sales, even in the face of continued supply chain constraints due to lack of semiconductors.
Higher Tesla shares helped Elon Musk’s net worth on Friday reach approximately $250 billion. At the beginning of this year, Musk held a 22.4% stake in Tesla, which is currently valued at approximately US$200.1 billion. Most of Musk’s remaining wealth comes from SpaceX, which was recently valued at $100 billion and is the world’s second most valuable private company, second only to TikTok’s parent company Bytedance.
It is estimated that Musk owns about 48% of SpaceX, provided that the space exploration company’s recent rounds of financing did not dilute his shares. As Musk acquires more Tesla shares related to his carefully crafted compensation plan, his net worth may climb higher, allowing him to choose based on specific profit, revenue, and market valuation milestones.
News source: Business Insider India
Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
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