Shares of electric car maker Tesla surged again on Monday, extending a four-day winning streak that led to CEO Elon Musk’s value rising to $46.3 billion, $3.1 billion more than The Meonand and Duo Duo founder Huang Wei, according tomedia reports. At the close of trading on Monday, Tesla was trading at $1,371.58, its first higher than $1,300, up $162.92, or 13.48 percent, from $1,208.66 at the close of trading.
Tesla’s market value has also increased significantly since the share price surge, at $254.394 billion at Monday’s close.
Tesla CEO Elon Musk’s value has also increased significantly after the stock price soared and its market value soared. Tesla disclosed in a filing with the Securities and Exchange Commission in late May that Musk holds 38.65867 million shares of Tesla stock and is a major shareholder in Tesla.
Musk is worth $46.3 billion, up $1.4 billion from $44.9 billion last Thursday, making him the 22nd richest person on the Forbes list of real-time billionaires, according to Forbes.
Musk’s value has increased further, widening his lead over Jack Ma and Huang.
Mr. Ma’s value is now $43.2 billion, down $5 million on Monday, according to Forbes’ real-time rich list, and Mr. Huang’s worth was $43.2 billion, down $1.3 billion on Monday. Musk’s $46.3 billion is $3.1 billion higher than both.