Elon Musk made $ 25 billion in one day from Tesla

He was already one of the richest men on the planet. Elon Musk is now approaching the first position. Indeed, the CEO of Tesla pocketed no less than 25.1 billion euros this Tuesday, March 9, 2021. His personal fortune grew from 149 to 174 billion dollars. From now on, the boss of SpaceX is only six “small” billion of the title of richest man in the world, the throne being for the moment still occupied by Jeff Bezos, the big boss of Amazon.

Note that Elon Musk is not the only one to have generously garnished his bank account on Tuesday. The vast majority of tech players have recorded excellent results these days. Facebook founder and CEO Mark Zuckerberg pocketed $ 3.8 billion, while Oracle co-creator Larry Ellison earned $ 2.16 billion.

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Tesla stock explodes by 20%

How to explain such a gain for Elon Musk? Billionaire can thank Tesla’s soaring stock, which gained 20% at the close of Wall Street. Several factors explain this performance. First, Tesla has recorded excellent figures on the Chinese market, with 18,000 vehicles delivered in February 2020. That is an 18% increase in sales compared to the previous year. These results suggest that the American manufacturer will reach its objective of selling 200,000 vehicles on Chinese territory in 2021.

Influencer! More than a third of Americans have already invested thanks to a #tweet of #ElonMusk

16% of respondents claimed to have invested several times based on messages from the boss of Tesla on social media, reports Business Insider.@Pointhttps://t.co/81POaq3HF5

– fabienne billat (@fadouce) March 12, 2021

Of course, Tesla’s good form in the Middle Kingdom alone doesn’t explain the soaring action. Indeed, Pierre Ferragu, a renowned analyst at New Street Research, published a study on future earnings and the value of Tesla’s share. According to him, the group could reach earnings per share of $ 12 by 2023. A prediction that contrasts radically with the recommendations of other experts, who planchaait on a profit of 6 dollars per share maximum.

” These earnings revisions should take the action to $ 900 in the next twelve months ”, specifies the analyst in the columns of Figaro. This favorable analysis played a large part in Tesla’s stock boom. Finally, several analysts rightly mention the correlation between the good health of the Tesla share and that of Bitcoin, whose value exceeded $ 54,000 on the same day. It must be said that the two titles are now closely linked, since Tesla invested $ 1.5 billion in Bitcoin.

What if you also bet on Bitcoin?

While it was necessary to know a minimum to buy Bitcoins a few months ago, this is no longer the case in 2021. Even without special knowledge in cryptocurrencies, it is possible to invest small we are on the french site Coinhouse . It only takes 5 minutes to create an account and choose from 17 cryptocurrencies. It is not necessarily necessary to use a Ledger Nano wallet since Coinhouse has secure servers to keep your investments safe. Afterwards, if you are comfortable with trading, the site Binance is a must-see destination while eToro offers cryptos and assets (Tesla shares, oil, commodities) on the same interface.

Source: Le Figaro