Elon Musk's fortune has increased for this reason

17:52 - 13.09.2023


September 13, Fineko/abc.az. Elon Musk's fortune on September 11 increased by $17.9 bn (+7.14%) up to $216.9 bn.

ABC.AZ reports that growth occurred after Morgan Stanley announced that supercomputer Dojo could increase company's market capitalization by about $600 bn.

After this event, Tesla shares rose by 10.09% during the day.

According to Adam Jonas, an analyst at Morgan Stanley, Tesla's revenue will grow to $335 bn in 2040 against projected $157 bn.

Musk owns 23% of Tesla. By the end of Q2 of 2023, company's shares had fallen almost by 10%.

In July, Tesla sold 64,285 Chinese-made electric vehicles (31% less than in the previous month). At the end of September, the company presented an updated car Model 3.