Musk is preparing to become the third richest man in the world. #Tesla #ElonMusk

Elon Musk: Tesla's founder's fortune has skyrocketed after listing on the stock market.

After an eventful week, tech entrepreneur Elon Musk's fortune skyrocketed by more than $ 15 billion (£ 11.3 billion). On Monday, it was announced that his electric car maker, Tesla, was included in the S&P 500, a stock index that includes shares of the 500 largest financial companies in the United States. Elon Musk SpaceX. This comes after his company, "SpaceX", which specializes in aeronautics and aerospace, sent four astronauts to outer space. Musk is preparing to become the third richest man in the world, knowing that medical tests have proven positive for the Covid-19 epidemic. Tesla's shares rose 14 percent in New York in the wake of the news that they were listed on the stock market. And taking into account that Musk owns 20 percent of Tesla's shares, his net worth rose to $ 117.5 billion, according to the Bloomberg Billionaire Index. Musk's fortune soared this year to $ 90 billion as shares of Tesla continued to rise. He tweeted over the weekend, saying it was "very likely" that he was suffering from a mild case of Covid-19 and had symptoms of a "mild cold". This comes one day before astronauts are sent to the International Space Station in a rocket built by Mask's company, SpaceX.

#Tesla #ElonMusk

Extremely successful inclusion.

Tesla is scheduled to be listed on the S&P 500 stock market on December 21 after months of speculation and one setback in September when it was unsuccessful in its listing on the said stock market. The California-based company will be the largest new company to be listed on the US stock market, noting that the company's market value exceeds $ 400 billion. The company's listing in the stock market comes after it recorded profits for four consecutive quarters of the year, which is necessary for the company to be listed on the stock exchange. Tesla has recorded losses for most of its history. The inclusion of Tesla in the S&P 500 index allows investment funds that automatically track the index to invest in Tesla. A Dow Jones Indexes spokesperson said, “(Tesla) will be one of the biggest additions to importance and strength in the last decade, and as a result one of the largest financing deals in the history of the S&P 500 indices will be concluded.

The California electric car manufacturer Tesla has become the most valuable car company in the world despite producing a fraction of the cars for its biggest competitors, Toyota, Volkswagen, and General Motors.