Elon Musk adds $2.3 billion to his fortune in 60 minutes
Elon Musk’s fortune swelled by $2.3 billion in the span of an hour Wednesday after shares of Tesla Inc. soared in extended trading on stronger-than-expected fourth-quarter earnings and an accelerated timetable for the new Model Y crossover SUV, Bloomberg reports.
The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at 5:16 p.m. in New York, boosting the chief executive officer’s net worth to about $36 billion, according to the Bloomberg Billionaires Index.
Musk, 48, owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his fortune. His majority ownership of closely held Space Exploration Technologies Corp. accounts for about $14.6 billion.
Tesla’s shares have been on a roll since October, when the company posted a surprise third-quarter profit.
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Newsfeed
13:30
US pushing Armenia to 'suicide, Russian intelligence says
The US is determined to force Armenia down an anti-Russian path and towards “national suicide,” the Russian Foreign Intelligence...
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13:00
Turkey's Erdogan visits Budapest for EPC summit
Turkish President Recep Tayyip Erdogan and his wife Emine Erdogan on Wednesday travelled to Budapest, Hungary, to attend the fifth summit of the...
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12:36
Armenian government approves Mesrop Mesropyan's candidacy for PSRC head
The Armenian government on Thursday approved the candidacy of Mesrop Mesropyan as the new head of the Public Services Regulatory Commission...
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12:08
Opposition MP: Armenian leadership has illusions about normalization with Turkey
Armenia’s authorities have illusions about building relations with Turkey, a country whose leader called Azerbaijani victory in the 2020...
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11:38
15 cutting-edge Apple devices for Byblos Bank Armenia Mastercard Digital cardholders
Byblos Bank Armenia, in partnership with Mastercard, has launched a new campaign featuring a giveaway of 5 iPhone 16 Pros, 5 Apple Watch SE (2nd...
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11:33
Lawmakers express grave concerns about U.S. participation in COP29 in Baku
Senator Roger Wicker (R-MS), Senator John Cornyn (R-TX), and Senator Thom Tillis (R-NC), along with Congressman Gus Bilirakis (R-FL),...
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11:15
Trump's election victory likely upends all criminal cases against him
Donald Trump's presidential victory is also a win as he seeks to resolve his four criminal indictments.
His win may largely free Trump...
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11:00
Leopard again caught on camera in Armenia's Zangezur Biosphere Complex
A female leopard, named Misty, has again been caught on camera in Armenia's Zangezur Biosphere Complex, WWF Armenia reported....
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17:03
International congress marking Sergei Parajanov's anniversary held in Madrid
Upon the initiative of the Chair of Armenian Studies at the Complutense University of Madrid and with the support of the Armenian Embassy in...
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16:35
Political analyst: US election outcome exposed failure of Pashinyan's policies
Political analyst Suren Surenyants has reacted to Republican nominee Donald Trump’s victory in the 2024 U.S. presidential election.
In...
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16:06
Kate Middleton 'back training at the gym' and expected to resume overseas travel
The Princess of Wales is starting to return to royal duties in the name of causes close to her heart, HELLO! reports.
Last month she...
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15:50
Levon Ter-Petrosyan undergoes minor surgery
Armenia's former President Levon Ter-Petrosyan has successfully undergone a minor surgery, his spokesperson Arman Musinyan reveals....
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15:35
Clear weather expected in next few days
Clear weather is expected in Armenia on Wednesday and in the next few days.
Temperatures are set to further drop by 3-4C on Wednesday,...
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14:57
UJA slams Armenian parliament speaker's disrespectful behavior towards reporter
The Armenian Union of Journalists on Tuesday issued a statement blasting National Assembly Speaker Alen Simonyan for his disrespectful behavior...
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14:34
Pashinyan congratulates Trump on 'impressive' election win
Armenian Prime Minister Nikol Pashinyan has congratulated Donald Trump on his victory in the U.S. presidential election.
"Warmest...
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14:11
Armenian parliament speaker accused of insulting reporter
Armenian National Assembly Speaker Alen Simonyan has come under fire for disrespectful behavior towards Vahe Makaryan, a reporter for the...
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13:30
World leaders congratulate Trump on election victory
World leaders raced to praise Donald Trump as he claimed a stunning US election victory over Kamala Harris, while financial markets also...
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13:15
France, Kazakhstan express full support for Armenia-Azerbaijan normalization
France and Kazakhstan expressed their full support for the normalization of relations between Armenia and Azerbaijan in a joint statement issued...
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12:24
Trump declares victory in US presidential election
Donald Trump declared victory in the presidential election early Wednesday morning as the Republican led Kamala Harris in projected Electoral...
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12:06
Turkey sticks to condition for normalization with Armenia
Turkey again linked the normalization of Armenian-Turkish relations with a peace agreement between Armenia and Azerbaijan....
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11:35
World Youth Championships: Armenian chess players among leaders after 7 rounds
The 7th round of the FIDE World Youth Chess Championships was held in Florianópolis, Brazil, on Tuesday.
FM Aleks...
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11:25
Next week’s UN climate summit in Baku will further enrich ruling Aliyev clan
By Harut Sassounian
www.TheCaliforniaCourier.com
Over the years, there have been several reports exposing the billions of dollars that...
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11:13
Trump projected to win US presidency
Former President Donald Trump is projected to win the presidency, securing a second term nearly four years after he left Washington under a...
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10:50
Benefector Karen Vardanyan donated 119 million drams to two military sports colleges
The future military specialists will have much more opportunities for physical training. Military Sports Specialized Colleges named after Tigran...
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17:03
Raúl among potential candidates for Armenia manager
Raúl is being considered among the potential candidates for the new head coach of Armenia’s national football team, Armen...
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16:46
Putin reiterates Russia's commitment to normalizing Armenian-Azeri relations
Moscow is doing all it can to help relations between Azerbaijan and Armenia to normalize and sees these countries as its natural strategic...
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16:30
Colder weather ahead in Armenia
Clear weather is expected in Armenia’s regions on Tuesday and in the next few days.
Strong winds of up to 25 m/s are forecast for some...
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16:12
Nearly 58% of survey respondents dissatisfied with Pashinyan's performance
According to a Gallup International Association survey, nearly 58% of respondents are dissatisfied with Armenian Prime Minister...
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15:31
Global prayer for Armenian hostages in Azerbaijan on the eve of COP29
On the initiative of His Holiness Catholicos of All Armenians Karekin II, an ecumenical (global) prayer for peace and justice in Armenia and the...
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15:15
Putin receives credentials from new Armenian ambassador
Russian President Vladimir Putin on Tuesday received letters of credence from 28 newly arrived foreign ambassadors, including Armenian...
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