Updated October 18th, 2021 at 17:21 IST

Elon Musk takes a jibe at rival Bezos as he adds $13 billion to his fortune in one week

Musk's rise to the top is being accredited to the massive rise in Tesla share prices that have grown nearly 50% since May this year.

Reported by: Harsh Vardhan
Image: AP/Twitter/@ElonMusk | Image:self
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Elon Musk has left his counterparts way behind as the recent spike in share prices of Tesla crossed the $800 mark. As per a report by Forbes, the tech mogul added almost $13 billion to his account in just one week from October 11 to 16 as the US stock market witnessed a 4% surge. Needless to say, Musk's fans have gone into a frenzy on Twitter with the latest memes and some even revisited the tech mogul's viral moments. 

Tesla share prices saw a 7.3% rise

Musk's rise to the top, again, is being accredited to the massive upsurge in Tesla share prices that have grown nearly 50% since May 19, as per Forbes. As of this week, Tesla's shares hiked 7.3% in just a week adding nearly $13 billion in Musk's net worth. Currently, Musk stands with $214.8 billion in his pockets, although, this should be considered a drop since his net worth had reached a record high of over $230 billion recently. 

Tesla is continuing to deliver its electric vehicles in record numbers as the company revealed in early October to have delivered 241,300 cars in the second quarter with 56,000 cars in China in September alone. With the company achieving such remarkable feats, Tesla now enjoys a market capitalization of a whopping $844 billion, Forbes reported.  

Musk is followed by space company Blue Origin and Amazon founder Jeff Bezos ($197.8 billion) in second place and Loius Vitton's Bernard Arnault is in third place with a $180.2 billion fortune. Bezos and Musk's feud is known to the world now and this new feat by the latter has incited a meme fest on Twitter and Musk's foray added fuel to the fire. 

The Musk-inspired Twitter fest

In a recent tweet that calculated Musk's net worth in terms of Dogecoin, Musk replied that he hopes to have enough capital to extend life to Mars. This statement of his invited fans to a Twitter banter that saw all kinds of responses. Take a look at some of them. 

 

 

Earlier, Musk had triggered another meme fest when he replied to his rival Jeff Bezos' tweet with a silver medal representing second place when the former surpassed him as the world's richest man. 

Image: AP/Twitter/@ElonMusk

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Published October 18th, 2021 at 17:21 IST