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Amplify Lithium & Battery Technology Etf Newsroom
Tesla Cybertruck Part Of Donald Trump's Motorcade, Will Vehicle Land Government Deals?
Trending Stocks Amid Largely Steady Week for Wall Street
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Elon Musk's SpaceX Secures New Moon Mission Contract After Starship's Successful 6th Test Flight
The surge in Tesla's stock price has propelled Musk's personal wealth to a historic high.
Thanks to the sharp rise in Tesla's stock price recently, the world's richest person, Elon Musk, has seen a significant increase in his personal wealth, setting a new record for his net assets. According to Forbes statistics, Musk's current personal net worth has reached $321.7 billion, while the Bloomberg Billionaires Index reports this figure as $347.8 billion.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
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Elon Musk's net worth of assets reached a record-breaking $347.8 billion.
Since Trump was elected, Tesla's stock price has steadily increased. On Friday, Tesla closed up 3.8%, reaching a new high since the first half of 2022, helping Musk's net assets reach a record high of 347.8 billion US dollars on Friday, surpassing the previous historical high of 340.4 billion US dollars set in November 2021.
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Express News | "Elon Musk concept" strengthened, Tesla rose nearly 4%, DXYZ rose over 14%; Donald Trump concept stocks collectively rose, Phunware rose over 12%, microstrategy rose over 8%, Coinbase rose over 3%.
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US stock preview | Outstanding stocks collectively celebrate! AI search company Elastic soared 26% pre-market, Gap rose over 15%; Reddit fell nearly 7% pre-market, Tencent shareholding reduction.
Musk: The Optimus siasun robot&automation can be priced at $0.02-0.03 million, but annual production needs to exceed 1 million; Reddit fell nearly 7% in pre-market trading, impacted by Tencent's shareholding.