Thread by @BiIndia

#ElonMusk sets a new milestone — adds nearly $25 billion to his net worth in just one day

By @navdeepyadav321

@navdeepyadav321 According to the Bloomberg billionaire index, Musk's net worth swelled to $174 billion on March 9 from $149 billion a day ago.

#ElonMusk

@navdeepyadav321 Muks’s net worth jumped after #Tesla's stock gained 19.6 percent to end at $673.58. That was the first win after a streak of five losing sessions amid a broader selloff in the tech stocks.

#ElonMusk

@navdeepyadav321 The US stock market index Nasdaq — where #Tesla is listed— surged 3.7 percent. Leading to massive gains in big tech companies such as #Apple, #Amazon and #Facebook.

#ElonMusk

@navdeepyadav321 The surge in tech stocks also sent Musk's rival #JeffBezos's net worth to $180 billion. Musk and #Amazon’s Jeff Bezos have been alternating the pole position as the world's richest man for some time now.

#ElonMusk

@navdeepyadav321 The 49-year old billionaire unseated #JeffBezos as the world's richest person on January 10 when his net worth touched a record high of $209 billion.

#ElonMusk

@navdeepyadav321 But the title was short-lived, and Musk lost it to Bezos again. #Tesla founder's fortune plummeted more than 28 percent to $149 billion in just two months — and a major fall came in the last 5 sessions.

#ElonMusk

@navdeepyadav321 #Tesla's stock rallied after a spike in China sales figures and analysts raised the stock's target price. The spike in the stock was still bigger than its rivals — Nio revved up 17 percent, and XPeng leapt 11 percent.

#ElonMusk

@navdeepyadav321 The jump added over $100 billion to #Tesla's market capitalisation — the biggest daily rise in a year. Refinitiv data showed that Tesla stocks worth nearly $43 billion exchanged hands — more than any other stock.

#ElonMusk