Thursday 28th of March 2024
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Headlines : * Rain with temporary gusty wind likely over Country   * 3 die as bus hits auto-rickshaw in M`sing   * 15 ferries, 20 launches to ply on Daulatdia-Paturia route during Eid   * Six houses gutted in Rangamati fire   * Baltimore divers recover 2 bodies from harbor after bridge collapse   * Bangladeshi youth shot dead by police in US   * Govt to import 50,000 metric tons of onion from India   * Bangabandhu`s independence proclamation history was distorted after 1975: PM   * Dhaka Metro Rail operations to continue past 9 pm from Wednesday   * Jatri Kalyan Samity demands to extend Eid vacation by 2 days  

   Business
Tesla CEO Elon Musk now world`s wealthiest person: US media
  Date : 28-03-2024

AFP, New York
Elon Musk, the outspoken and envelope-pushing chief executive of Tesla, overtook Amazon boss Jeff Bezos to become the world`s wealthiest person, US media reported Thursday.

Musk is a major shareholder of the electric car company and has benefited from Tesla`s surging share price over the last year. CNBC estimated Musk`s wealth at $185 billion.

The distinction is the latest superlative for the South African-born Musk, who leads the aerospace venture SpaceX in addition to Tesla, which has become a pacesetter for the car industry as conventional automakers try to catch up to Tesla`s lead in electric autos.

Tesla had a strong 2020 as it ramped up auto production, broke ground on new factories and reported a series of profitable quarters that enabled shares to rise more than 700 per cent during the year as it was added to the prestigious S&P 500 index.

Musk has hit a stride after stumbling in 2018, when US securities regulators required the Tesla chief to step down as chairman and pay $20 million to settle charges he defrauded investors with false claims on Twitter in August about a possible bid to take the company private, which was quickly aborted.

Shares of Tesla surged 5.9 per cent to $800.43 in late morning trading, lifting the company`s market capitalization above $750 billion.



  
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