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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
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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”
%20(1).jpg "According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”")
Kangana Ranaut has denied speculations about joining politics solely due to the box office failure of her films.
Kangana Ranaut, the BJP’s Lok Sabha candidate from Mandi for the 2024 elections, expressed gratitude towards Prime Minister Narendra Modi for her political entrance. In an interview with Times Now, she questioned whether she joined politics due to her movies’ poor box office performance, comparing it to Shah Rukh Khan’s previous unsuccessful films.
Reacting to her films’ box office failure, Kangana Ranaut
Kangana responded to a question about her career, stating that she has never had a flop. She compared Shah Rukh Khan’s films to Pathaan, Queen, and Manikarnika, noting that if she had a flop in Emergency, it would be a big hit. Kangana compared her career to Shah Rukh Khan, who had consecutive flops for ten years. She also mentioned that she had not had a single hit for 7-8 years before Queen, but after that, she had a few good movies.
No stars from OTT?
The last generation of stars, known for their talent and demand, are now able to showcase their talents more through OTT. However, the author expresses a desire to involve themselves more with the real world, rather than being consumed by the arts, stating that they are not satisfied with the current status quo.
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