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Tesla sets new highs as it continues to celebrate its move to the S&P 500



Tesla it has risen 2.6% and has at various times exceeded $ 504 and setting new all-time highs, which previously had at $ 502.49 per share. The electric car maker, founded and run by Elon Musk, continues to celebrate its imminent entry into the S&P 500.

Its debut in this selective will take place on December 21, and can create a "liquidity super event" between the purchase orders of passive fund managers and the presumed sell orders of some 'old' shareholders who take advantage of the situation to cut positions in a company, a priori, so volatile (although less and less).

And that's what Elon Musk takes advantage of, who is about to become the second-largest fortune in the world. Musk's net worth shot up $ 10.2 billion on Wednesday, after Tesla shares rose 10% thanks to Morgan Stanley's rating.

This increase placed Musk's net worth at $ 120 billion (€ 101.423 billion), which is 'only' $ 8 billion (€ 6.76 billion) below Gates on the Bloomberg billionaires index, whose ranking includes the 500 richest people in the world.

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