EnergyWatch

Musk's fortune approaching Gates' level

It's been an eventful week for Tesla founder Elon Musk, whose fortune is through the roof. The firm gets an additional boost from Morgan Stanley now upgrading Tesla's stock to "overweight".

Photo: ODD ANDERSEN/AFP / AFP

It must be said that Tesla has had some fine days on the stock market this week. The electric car manufacturer's share price surged yesterday by 10.2 percent due to such factors as the news that Tesla finally entered the elite S&P 500 index.

Great news for founder and Chief Executive Elon Musk. He has personally become USD 10 billion richer from the latest stock price increase, and his total net worth has come to a whopping USD 120 billion, according to the Bloomberg Billionaires Index.

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