Tesla and SpaceX ceo, Elon Musk is in the news again and this time and it is not because of cryptocurrency or going to the moon or getting married to an alien in Mars, this time he’s in the news because it’s been barely 72 hrs of calling it quits with partner, Grimes, and he’s already couple of billion dollars ahead of Jeff Bezos in total worth.
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Elon posted impressive gains according to Bloomberg’s billionaires Index as investors made strong bets on the world’s most valuable car company.
Despite PBOC declaring all cryptocurency and crypto-relating trading as illegal, and the news causing a huge chain reaction in the cryptocurrency market and causing a huge dip, Friday’s trading session at the world’s largest economy yielded gains for Elon and tesla which sums about $5.07 billion, making the South African-born entrepreneur worth $209 billion. To date, the tech CEO has made $39.1 billion.
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World’s most valuable automaker Tesla recorded a 2.75% gain in stock market trade on Friday, exceeding a $764.55 buy point. The 21-day exponential moving average has provided support for the shares. A trend of rising relative strength is evident, as well as the sloping 50-day line.
Moreover, investors are also holding tight to the blue-chip stock after Cathie Wood, the Chief Investment Officer of Ark Investment Management, announced that she would sell Tesla Inc. if its price reaches her five-year target this year.
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Translating his total worth to crude and gold, Elon now has in his possession, 119 million troy ounces of gold or 2.68 billion barrels of crude oil equal