Elon Musk now world's second-richest as Tesla market value crosses US$500 billion

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Tesla's stock has gained more than six times this year.. Read more at straitstimes.com.

NEW YORK - Elon Musk's year of dizzying ascents hit a new high as the Tesla co-founder passed Bill Gates to become the world's second-richest person.

The stock has risen nearly 28 per cent since the S&P Dow Jones Indices decided to add the company to the benchmark index from Dec 21. "One of the core underpinnings of the Biden platform will be around pushing clean energy and zero-emissions vehicles with hopes of accelerating the deployment of electric vehicles and public charging outlets by 2030," Wedbush analyst Daniel Ives said in a note.

 

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