On Monday, Elon Musk’s electric car company Tesla was chosen to join the S&P 500, and in after-hour trading its stocks closed at $408.09 at 6 p.m. That enabled Musk’s net worth to zoom to $117.5 billion, according to Bloomberg, putting Musk on the verge of leapfrogging Facebook CEO Mark Zuckerberg and becoming the third richest person in the world, only trailing Amazon’s Jeff Bezos and Microsoft’s Bill Gates.
Tesla will officially join the S&P 500 on December 21; it will be the largest company ever added to the index, CNBC reported.
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