Elon Musk is $14 billion richer after Hertz ordered 100,000 Tesla

Elon Musk is $14 billion richer after Hertz ordered 100,000 Tesla

Tesla started the week off well with a huge order from car rental company Hertz, which has ordered 100,000 electric vehicles. Hertz will soon lease Teslas cars in major cities in Europe and the United States.


Tesla stock soared to over $1 trillion as a result of huge demand. That is one thousand billion dollars and converted into about 860 billion euros. Tesla is the fifth American company that deserves this much.

Elon Musk owns a 21 percent stake in Tesla Forbes. The magazine has tracked the world’s richest people for decades. As a result of the higher stake, the billionaire’s fortune increased by $13.9 billion (12 billion euros).

According to Forbes, Musk is currently richer than he ever was, the richest person likely to walk the face of the earth, and richer than any other billionaire that Forbes has ever tracked. The magazine estimates his net worth at $243.6 billion (€210 billion).

Silver Medal for Bezos

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

Musk overtook Jeff Bezos as the world’s richest man last month. He joked at the time, to Forbes that he would send the Amazon founder a silver medal. The decline in the value of Amazon shares is widening the gap between Musk and Bezos. Forbes estimates Bezos’ net worth at $192.8 billion.

increase profit

Bloomberg News reported that the Hertz deal with Tesla would boost the electric car maker’s $4.2 billion profit.

Four months ago, the rental company seemed to be on its way to collapse, but Hertz narrowly escaped bankruptcy. The first Teslas will be available for rent from the beginning of next month. Hertz stock rose as the markets opened.

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