Tesla founder Elon Musk is once again gloating from his motor company’s rise to fame, recently raking in over $1.1 billion thanks to continually rising Tesla shares (TSLA). It seems only weeks ago we were admiring Tesla Motors shares eclipsing the $200 per share mark – today it has surpassed $250.
Musk’s mammoth achievement is made even more impressive given that this time last year, Tesla shares were worth a measly $34, and just last November the price was still hovering around the $130 mark. Putting the numbers into perspective, the new year has already seen a 65% climb in Tesla share prices, according to Bloomberg – a remarkable achievement.
As great at the news is for Tesla Motors, Musk’s ridiculous payday also came courtesy of SolarCity (a company in which he is the primary shareholder). SolarCity, which had a net increase of 43% in the new year, recently jumped 3.1% alone.
Bloomberg says Musk is the second highest-earning US billionaire this year – the number-one spot belongs to Facebook’s Mark Zuckerburg.