Daily Management Review

Elon Musk's fortune grows by $2 bln over a week


Fortune of the American entrepreneur, Elon Musk, increased by $ 2 billion over the week thanks to the profit of his company Tesla, Forbes magazine writes.

Heisenberg Media
Heisenberg Media
Although analysts forecasted losses for the company after the close of trading on October 23, Tesla recorded a profit of $ 1.86 per share. The adjusted profit of the company in the third quarter of 2019 amounted to $342 million

A week before October 31, Tesla's securities went up 24 percent, and Musk’s fortune increased to $22.9 billion. As a result, Musk rose to 21st place in the list of 400 richest people in the United States according to Forbes.

Elon Musk owns a 22% stake in Tesla, which is approximately half his fortune.

The American company Tesla Motors was founded in 2003 as a developer and manufacturer of electric vehicles and related technologies. The company is headquartered in Palo Alto, California, USA. In addition to electric vehicles, the company, using its own technology, produces batteries and electric motors and sells it to other automobile companies, in particular Toyota and Daimler.

source: forbes.com

Science & Technology

Live Facial Recognition Cameras Will Be Used By London Police

Driverless Vehicle For Its Ride-Sharing Service Unveiled By GM’s Cruise

Amazon will allow customers to pay with palms instead of cards

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

World Politics

World & Politics

French tour operators will stop sending tourists to China until February 21

US Will Not Give Visas To Pregnant Women To Prevent Organized 'Birth Tourism'

Heads of the European Council and European Commission sign Brexit agreement

UK adds Greenpeace, PETA to extremist organizations list

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange