Elon Musk is now worth more than ExxonMobil
CNN
Elon Musk is rapidly approaching a net worth of $300 billion, as Tesla's market cap soars past $1 trillion. That's enough to surpass one of his biggest rivals: ExxonMobil.
As of Monday's close, Musk's net worth was $289 billion, according to the Bloomberg Billionaires Index, which surpasses the $272 billion market value of ExxonMobil (XOM), the company most associated with the fossil fuel industry he's seeking to destroy.
The Tesla CEO's jump in worth can be attributed to two things after shares of Tesla rose more than 12% Monday: Hertz (HTZ) announced a record order of 100,000 Teslas for its fleet, and influential Morgan Stanley auto analyst Adam Jonas recently raised his price target on Tesla to $1,200 a share. That hefty one-day gain put Tesla (TSLA) just over the $1 trillion mark.
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