Shares of electric car maker Tesla hit a record high on Tuesday, pushing its market value to more than $200 billion for the first time and boosting CEO Elon Musk’s value, according tomedia reports, surpassing Ping Duo duo founder Huang Wei and Alibaba founder Jack Ma. At the close of trading on Tuesday, Tesla was trading at $1,079.81, up $70.46, or 6.98 percent, from $1,009.35 at the close of the previous session.
The new high, with a market capitalization of more than $200 billion for the first time, also boosted Tesla CEO Steve Musk, who owns 38.65867 million shares of Tesla stock at 20.8 percent, according to documents filed with the Securities and Exchange Commission in late May.
Musk’s fortune added $2.2 billion on Tuesday, bringing his total to $44.9 billion, making him the 22nd richest person on the Forbes list of real-time rich, according to Forbes.
On Tuesday, Musk’s Forbes list of real-time billionaires, including Ping Duo founder Huang Qi, who is worth $44.5 billion and Jack Ma, is worth $43.2 billion.
According to Forbes’ real-time rich list, Huang’s value fell by $845 million on Tuesday, while Mr. Ma added $86 million, to $45,345 million and $43.1 billion on Monday, respectively.
On Monday, Musk was worth $42.7 billion, which means he is worth more than Huang and Jack Ma on Tuesday.
Among the country’s richest people, still worth more than Musk, is Tencent’s Ma Huateng, who is worth $55.4 billion on the Forbes list of real-time billionaires, $10.5 billion more than Musk and the 14th richest person on the Forbes list of real-time billionaires.