Musk, win thoroughly!
Over the weekend, the news of Elon Musk, the world's richest man and CEO of Tesla (TSLA, stock price: $389.220; total market value: $1.249 trillion), experiencing a surge in wealth has attracted the attention of many media outlets and netizens.
On Friday, Tesla's stock price surged by over 5%, with a cumulative increase of over 56% so far this year, and its market value rising to $1.25 trillion. With the soaring stock price of Tesla, Musk's net worth has also reached a new milestone.
According to the Bloomberg Billionaires Index, as of Friday's close, Musk's net worth was approximately $362 billion, an increase of $133 billion since the beginning of the year, making him the billionaire with the most wealth growth this year.
Analysts have pointed out that Musk has placed all his bets on Trump's victory, so it is understandable why the market sees Tesla as a beneficiary. Especially under the leadership of the Trump administration, regulatory easing may be provided for Tesla. Recently, investment banks Stifel and Bank of America both raised their target prices for Tesla.
Musk's net worth exceeds 360 billion US dollars
On Friday of this week, Tesla's stock price surged 5.34% to close at $389.22, with a market value of $1.25 trillion. Since the beginning of this year, Tesla has seen a cumulative increase of 56.6%. With the soaring stock price of Tesla, the value of CEO Musk has also reached a new milestone.
Musk is also the billionaire with the most wealth increase this year, followed closely by Meta CEO Mark Zuckerberg, whose net worth has grown by $87.3 billion this year, reaching $215 billion and ranking third on the rich list.
In addition, Nvidia CEO Huang Renxun's wealth increased by $82.6 billion this year, second only to Musk and Zuckerberg. Huang Renxun's latest net worth is $127 billion, currently ranking 11th on the rich list.
Currently, there are 17 billionaires on the Bloomberg Billionaires Index with a wealth exceeding $100 billion, including 10 American tech tycoons.
Bank of America raises target price to $400
On Thursday (December 5th), Bank of America significantly raised Tesla's 12-month target price from $350 to $400 and maintained a buy rating, driven by the bank's new focus on Tesla robots and artificial intelligence.
In a report to clients on Thursday, analyst John Murphy emphasized his optimism after recently visiting Tesla's Gigafactory in Austin, Texas. He believes that Tesla has the ability to strike a balance between maintaining strong growth in electric vehicles and boldly investing in autonomous driving and robotics.
When it comes to Tesla's fully autonomous driving technology (FSD), Murphy believes that the test drive process reflects significant improvements in the vehicle. Murphy also described the performance of the Cybertruck and Model Y they were riding on in complex road conditions, stating that the process was "seamless" and "successful".
Murphy also pointed out that the minimum intervention of Tesla's FSD technology may only require once every 10000 miles, and emphasized that the technology is close to the safety level required for robot taxi services.
When it comes to Tesla's humanoid robot Optimus, Murphy believes that it has made significant progress in automation.
Although Optimus Prime currently only accounts for a single digit percentage of Tesla's artificial intelligence computing power, Murphy expects that this proportion will increase as the autonomous taxi project stabilizes, thereby accelerating Optimus Prime's development.
He added, "As more robots are put into use, training will accelerate, and mass production in 2026 and beyond may reduce costs and open up new growth paths for Tesla
In addition, Murphy emphasized Tesla's growing artificial intelligence infrastructure, which as of October contained 50000 active Nvidia H100 chips. This makes it more likely for the company to launch a robot taxi service by 2025.