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Tesla CEO Elon Musk 's net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker's shares this year and the soaring valuation of his rocket company SpaceX.Musk is Tesla's largest shareholder with about a 13% stake in the company. The EV maker's shares rose to a record high of $424.9 on Wednesday, extending a rally that kicked off following the Nov. 5 election.
He added that SpaceX has reduced the number of shares it bought back from employees in order to bring in some new investors.Tesla investors have pinned their hopes on Musk's relationship with President-elect Donald Trump, hoping the billionaire's role in shaping the incoming Republican administration's policy agenda would benefit the automaker.Besides Tesla, Musk also heads brain technology startup Neuralink.
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Philippine President Expresses Concern Over Russian Submarine in West Philippine SeaPresident Ferdinand Marcos Jr. has expressed worry over the detection of a Russian attack submarine in the West Philippine Sea (WPS). The submarine, UFA 490, was sighted 80 nautical miles west of Cape Calavite, with the Philippine Navy deploying assets to monitor and address the situation.
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Ex-Palace exec denies disbursing cash for Duterte drug war killingsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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How to spot deepfakes, according to expertsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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P72M worth of fake hygiene products seized in BulacanLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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Vatican officials, Palestinian president discuss Gaza's 'very serious' needsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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Blackwater notches first win in PBA Commissioner's Cup, snaps Meralco's three-game streakLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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