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Elon Musk’s company The company’s current market capitalization is around $1 trillion. Nvidia, currently the world’s most valuable company, is worth around $4 trillion.PHOTO :REUTERS
BENGALURU:
Tesla CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes’ billionaires index.
Musk’s 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.”
The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk.
Earlier this week, Musk became the first person ever to surpass $600 billion in net worth.
