Aatmja Kumari(Intern Journalist): On Monday, Tesla founder and CEO Elon Musk became the third wealthiest person in the world. He defeated Facebook founder Mark Zuckerberg. Tesla shares witnessed a sharp rise. Tesla shares will soon be split into five.
Tesla shares jumped 12.57 percent to $ 498.32 on Monday. According to the Bloomberg Billionaire Index, Musk’s wealth stood at $ 115 billion as of Monday, while Zuckerberg had assets of $ 111 billion.
Apart from Tesla, Apple shares were also split on the New York Stock Exchange, after which the shares gained momentum. Analysts believe that the move will increase the share of retail investors in both companies. Apart from this, after the recent rally, profit-booking can also occur in both the stocks.
This year, Tesla shares have jumped strongly. In the year 2020, Elon Musk’s company has jumped up to 480 percent. Tesla shares rose to a peak of $ 2,290 last week. The company was listed at $ 17 per share in 2010. This has made many retail investors millionaires.
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