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Elon Musk Net Worth Hits $300B as Tesla Passes $1T Market Cap

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Elon Musk’s net worth has surpassed $300 billion, with his EV company Tesla recently breaching $1 trillion in market cap. The world’s richest man has seen his Net worth rise $11 billion in less than 24 hours, a 3.8% increase. Musk was one of the biggest winners of the recent US election, which saw Donald Trump win a second term in office. Trump previously made the promise to bring on the Tesla CEO to his cabinet in a new role, backing Musk as a genius. ““Let me tell you, we have a new star. A star is born—Elon,” Trump said in his victory speech Wednesday. “[Musk is] a character, he’s a special guy, he’s a super-genius. We have to protect our geniuses—we don’t have that many of them.” JUST IN: Elon Musk's net worth rises to $300,000,000,000. pic.twitter.com/veqqsJFPh7 — Watcher.Guru (@WatcherGuru) November 8, 2024 Musk’s promised role reportedly involves heading a finance domain dubbed “Department of Government Efficiency, or DOGE,“ a realm heavily invested in car...

Uber CEO Wants Tesla Partnership for Robotaxi? What it Means for TSLA

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In what would certainly be a surprising turn of events, Uber (UBER) CEO Dara Khorsorwshahi is reportedly open to a Tesla (TSLA) partnership for the incoming Robotaxi development. Moreover, Khorosorwashi noted that he would “love” to work alongside Elon Musk for the project. Speaking to the Financial Times, the Uber head said it was increasingly difficult to compete with Musk’s automobile manufacturer. Therefore, he expressed interest in a collaboration. The ride courier service would offer Tesla’s Robotaxi, in what would be a massive move for TSLA stock. Source: Reuters Also Read: Why Uber (UBER) Stock is Soaring Today: Tesla News Boosts Confidence Uber and Tesla to Work Together? Why It Could be Massive for TSLA Stock Tesla has long been one of the titans in the electric vehicle (EV) manufacturing sector. Yet, its star has been fading in recent weeks. Specifically, the underwhelming arrival of its Robotaxi debut did not aid the TSLA stock. Moreover, it pushed Ub...