Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has added more than $ 111 billion to his fortune so far this year, emerging as the world’s second-richest man, but received by others in the electric vehicle industry The amount has been higher.
What happened: According to the Bloomberg Billionaires Index, Musk has $ 139 billion in assets this year, after adding 403% of his wealth, but many of his Chinese peers have beaten him in terms of getting rich.
Is the property of founder William Lee Nio Inc (NYSE: NIO), the most developed among the 500 wealthiest people in the world. Lee became 1159% richer, adding $ 6.82 billion to his coffers, taking Bloomberg’s total to $ 7.41 billion.
Xpeng Inc. (NYSE: XPEV) Chairman He Xiaopeng received 643% of assets this year as his total assets grew to $ 9.8 billion.
Lee Auto Inc (NASDAQ: LI) CEO Li Xiang, $ 6 billion, saw its wealth grow 616%, while Wang Chuan-fu, chairman BYD Company Limited (OTC: BYDDF) grew by 236% to $ 14.1 billion.
Why it matters: Nio’s shares are 1,093.53% year-on-year, while Tesla’s shares rose 580%.
Musk’s Chinese rival is surprised by Tesla’s plans to launch a lower-priced EV and has compared the automaker Apple Inc. (NASDAQ: AAPL) in its early days suggested that the company led by Musk would lead the overall market growth.
Price Action: Tesla shares closed up nearly 2.7% at $ 568.82 on Wednesday and gained 2.48% to close at $ 582.93.
Will Tesla or Nio stock grow further by 2025?
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