On the morning of March 25, Hurun Research Institute released the "2024 Big Businesses and Big Wine·Hurun Global Rich List". The list shows that 52-year-old Elon Musk has regained the title of richest man with a wealth of 1.67 trillion yuan, an increase of 530 billion yuan from last year. This is due to Tesla's record delivery volume, which has caused its stock price to soar. Meanwhile, Musk's space exploration technology company SpaceX has reached new heights in valuation on the back of successful launches, satellite internet projects and lucrative government contracts.
Previously, because Tesla’s revenue and earnings in the fourth quarter of 2023 were lower than market expectations, Tesla’s market value evaporated by hundreds of billions of dollars, which once caused Musk to lose his title as the “richest man”.
Later, Tesla announced on its official website that starting from April 1, the price of all Model Y models sold by the company in the United States will be increased by US$1,000. After the official announcement of a price increase for Model Y, Tesla's stock price finally stopped falling.
Currently, the starting price of the two-wheel drive Model Y in the United States is about US$49,000, which is lower than the price of US$54,000 a year ago. The starting price of Model Y will peak at approximately US$58,000 in mid-2022.
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