Dramatic announcement: Elon Musk announced during the night (Monday to Tuesday) that the Tesla company’s Plaid 3 vehicle owned by him will be available in China as early as March. This led to a jump in the company’s stock and also in the overall value of Musk itself. Now, his fortune stands at over $ 300 billion, and this is the second time he has passed the threshold in question.
Probably around March
— Elon Musk (@elonmusk) November 22, 2021
The last time his fortune jumped to such an amount was when Hertz, the rental car giant, announced a poor Tesla order – which caused the company’s market value to exceed the $ 1 trillion mark.
A technical malfunction locked hundreds of Tesla drivers out of their vehicle
As mentioned, shipments of the model in question began last June, when they were limited to the United States and Canada only. Musk’s tweet is the first time he has referred to expanding car shipments to China, the company’s most important market right now, thanks to an increase in plant activity in Shanghai. However, the Plaid 3 is manufactured exclusively in a factory in the United States, and not in a Chinese factory.
This is not the first time that Musk’s tweet has affected the company’s value in such a way, after it published a survey earlier this month in which it asked surfers whether to sell about 10 percent of Tesla’s shares it owns. 57.9% of his followers voted in favor of the move, with more than 3.5 billion votes recorded in the survey. Musk later said: “I was ready to accept any of the results.”
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