(Bloomberg) — Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person.
The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price. Musk has added $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th.
- Tesla surpassed a $500 billion market cap on Tuesday morning.
- The company’s stock needed to reach or surpass $527.48 per share.
- Tesla became the first $100 billion publicly listed U.S. carmaker in January.
SAN FRANCISCO – Tesla’s Internet-connected cars can receive new features and safety updates over the air, one of the key conveniences of the fully electric fleet. But the cars’ connectedness can pose a risk, too, security researchers say.
Case in point: Belgian researchers found that they could hack and steal a Tesla Model X SUV in a matter of minutes through a Bluetooth-connected key fob. They said that forced Tesla to push out a fix.
It was the latest security experiment from the COSIC group at the University of Leuven in Belgium, which had previously found a similar vulnerability with Tesla’s Model S luxury sedan, in which a key fob was also to blame.