When Elon Musk tweets, markets listenand the CEOs own net worth can shift by billions. On Monday, after Musk tweeted that Teslas Model 3 Plaid vehicle would be available in China as soon as March, Teslas stock jumped almost 2%, capping off five straight days of gains for the company and adding $4.6 billion to the eccentric billionaires net worth.<\/p>\n
Elon Musk is once again worth more than $300 billionan unheard of net worth just one month ago. (Photo by Joe Raedle\/Getty Images)<\/p>\n
Musks fortune now stands at $300.8 billion, marking the second time hes passed the previously untouched $300 billion net worth threshold. He first broke the barrier three weeks ago when rental car giant Hertz announced a massive Tesla order that sent Teslas market capitalization soaring past $1 trillion.<\/p>\n
But Musks own tweetsand actionsderailed his financial ascent. Teslas stock took a hit two weeks after the Hertz order, when Musk asked millions of Twitter users if he should sell 10% of his estimated 23% Tesla stakesupposedly in the wake of a short-lived tax proposal on the unrealized stock gains of billionaires. Musk began unloading shares days later, shaving $61 billion from Teslas market value. So far, the chief executive has sold nearly $9 billion worth of Tesla stock, with about $3 billion of the sum going to cover a tax bill on stock options hes been simultaneously exercising. Though his cash pile grew as a result of the sales, Musks overall net worth tumbled more than $50 billion before vaulting back above $300 billion on Monday. <\/p>\n
Musk has also taken to Twitter in recent weeks to troll progressive politicians, like billionaire critic Senator Ron Wyden (D-OR), who responded to the poll. Whether or not the worlds wealthiest man pays any taxes at all shouldnt depend on the results of a Twitter poll. Its time for the Billionaires Income Tax, the lawmaker wrote, meeting a crude response from Musk.<\/p>\n
Senator Bernie Sanders (I-VT) found himself in the crosshairs too. We must demand that the extremely wealthy pay their fair shares. Period, Sanders recently tweeted. The next day, Musk took aim at the 80-year-old lawmaker: I keep forgetting that youre still alive, Musk wrote in response. Want me to sell more stock, Bernie? Just say the word<\/p>\n
Musk remains the wealthiest person in the world, according to Forbes estimates, $95.3 billion richer than second place Jeff Bezos, whos worth $205.5 billion as of Mondays market close.<\/p>\n
I aspire to comedy, Musk tweeted on Monday, just before the Model 3 Plaid tweet that pushed up his fortune by severalbillion dollars. Its not clear what, if anything, Musk has done to make people laugh.<\/p>\n
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As Tesla Stock Rebounds, Elon Musk's Fortune Surpasses $300 Billion Again - Forbes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" When Elon Musk tweets, markets listenand the CEOs own net worth can shift by billions. On Monday, after Musk tweeted that Teslas Model 3 Plaid vehicle would be available in China as soon as March, Teslas stock jumped almost 2%, capping off five straight days of gains for the company and adding $4.6 billion to the eccentric billionaires net worth. Elon Musk is once again worth more than $300 billionan unheard of net worth just one month ago. Continue reading