麝香的净资产增加了周一他Could Buy Jeff Bezos' Megayacht 38 TimesTesla shares by late Monday were up to $1,091 a share, something that was jaw-droopingly lucrative for CEO Elon Musk.

ByEmily Rella

Tesla skyrocketed today and was steadily up over 8% day over day through late afternoon after announcing that the company would be seeking investor approval to increase share numbers in hopes of enabling a stock split.

The news comes as the electronic vehicle makerhad to shut down its factoryin Shanghai, China amid new Covid lockdown measures as cases have seen an unexpected surge.

该股票分割完全通过测试工程师la's board and shareholders and voting will be finalized by shareholders at an company's annual meeting.

Tesla shares by late Mondaywere up to $1,091a share, something that was jaw-droopingly lucrative for CEO Elon Musk.

Related:Elon Musk Has Covid Again -- A Look at His Complicated History With Vaccinations, Mandates

Musk, who currently owns about172.6 million sharesof Tesla, is the company's largest shareholder by owning around 17% of the company's total shares.

Musk's net worth increased byan estimated$19.3 billion on Monday, perForbes, bringing his estimated total net worth to $289.4 billion.

Fellow billionaire Jeff Bezos has been making headlines about his megyacht which is set for completion this summer, which is so massive in size that hewill pay the cityof Rotterdam millions of dollars to dismantle and reassemble a bridge in order for the boat to be able to pass through.

Though it hasn't been made official yet how much the yacht will cost, estimatessit around $500 millionwhen the yacht is completed.

To put that into perspective, with the amount of increase in net worth that Musk acquired in just one day, the billionaire could have purchased Bezos's yacht over 38 times, just with the money he made in shares skyrocketing in one day.

Related:Elon Musk Sinks Tesla Shares With Contentious Twitter Poll

Not too shabby for a Monday in the office!

Musk revealed earlier today that he has Covid for the second time after previously showing reluctance to vaccine mandates and full-scale lockdown restrictions.

The Tesla CEO has beenoffloading billions of dollarsin Tesla stock after a contentious Twitter poll where he asked followers whether or not he should begin selling select shares after he faced scrutiny for not having to pay taxes on his earnings.

So far, Musk has soldan estimated$22 billion in company shares.

By the end of Monday, Tesla was up just shy of 79% year over year.

Wavy Line
Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

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