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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Tesla Stock Price Surge on Robotaxi Debut Boosts Elon Musk's Net Worth by $15B Overnight

Tesla market cap jumped by $85 billion overnight on the robotaxi launch. (Credit: AFP News)

Elon Musk, the wealthiest person on Earth, got significantly richer on Monday after Tesla (NASDAQ:TSLA) debuted its robotaxi services in Austin, Texas.

Tesla shares jumped 8.23% or £19.48 ($26.52) to close at £256 ($348.68) apiece yesterday, adding £62.42 billion ($85 billion) to its market cap in a single day. Musk, who owns 12.7% or 410.79 million of Tesla's outstanding shares plus an additional 9% equity stake pending legal challenges, witnessed his net worth increase by £10.94 billion ($14.9 billion) overnight to reach £311.31 billion ($423.9 billion), according to the Forbes Real Time Billionaires list.

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