DETROIT: Tesla’s market value soared to more than $500 billion Tuesday (Wednesday in Manila) ahead of its listing on the S&P 500, with its stock finishing up 6.4 percent or by nearly $32 billion in 24 hours.
That gave it a valuation of $526 billion, a rise of more than 560 percent since the start of the year; and means founder Elon Musk, who owns 18 percent of the company, earned $100 billion in the same period.
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