REPORT: Elon Musk banks billions of Tesla money in seven days (VIDEO)

Elon Musk added another $11.98 billion to his bank account over the last week, as tracked by the Dow Jones Market Data Group.

The most recent filings show Musk holds 423,622,000 shares in Tesla worth $53.87 billion as of close of trading on Jan. 19. The total value of those holdings jumped to $67.89 billion based on Thursday’s closing price.

The weekly total doesn’t account for Musk’s other assets and liabilities as CEO of SpaceX and Twitter, founder of The Boring Company and co-founder of Neuralink and OpenAI. Forbes lists Musk’s overall worth at $168.7 billion.

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Since the start of the year, Tesla is up 48% and in just the past five days, up nearly 25%. Despite being down approximately 42% over the past year, the stock remains the Nasdaq 100’s best performer.

Over the last month, shares have also rallied, revving almost 30% into the green. Since Sept. 12, 2022, Tesla has been on its longest winning streak.

Tesla said it generated about $24.32 billion in fourth-quarter revenue, marking a 37% increase from the same three-month period last year, according to its latest earnings release on Wednesday. The company’s profits saw a roughly 59% increase from the 2021’s Q4 to $3.7 billion, whereas its adjusted earning per share came in at $1.19.

Revenue and earnings per share were $24.16 billion and $1.13 respectively, according to Refinitiv’s estimates. This means Tesla came in higher on both.

In early January, the company said that its vehicle production for the quarter came in at over 439,700 vehicles, meanwhile, its deliveries were nearly 405,300.

“Despite the fact that 2022 was an incredibly challenging year due to forced shutdowns, very high interest rates and many delivery challenges,” Musk praised.

“Thus far in January, we’ve seen the strongest orders year-to–date than ever in our history. We’re currently seeing orders at almost twice the rate of production,” he added.

Musk tweeted, “Congrats Tesla Commie California factory team on all-time record production!”

Congrats Tesla Commie California factory team on all-time record production! pic.twitter.com/1aF53hgWgM

— Mr. Tweet (@elonmusk) January 26, 2023

On Twitter, Tesla posted an audio recording from the fourth quarter earnings call. Listen:

Q4 2022 Earnings Call https://t.co/JNL5ovciRJ

— Tesla (@Tesla) January 25, 2023

Tesla tweeted about the fourth quarter earning, in a series of posts on Twitter:

Giga Shanghai continues to be our main export hub, supplying most markets outside of North America

We have now released FSD Beta to nearly all customers in the US and Canada who bought FSD (approximately 400k)

We have now released FSD Beta to nearly all customers in the US and Canada who bought FSD (approximately 400k) pic.twitter.com/pMVmQzmyCB

— Tesla (@Tesla) January 25, 2023

Energy storage deployments increased by 152% YoY to 2.5 GWh in Q4, for a total deployment of 6.5 GWh in 2022—by far the highest level we have achieved. We’re ramping production at our dedicated 40 GWh Megafactory in Lathrop, CA to address growing demand

Energy storage deployments increased by 152% YoY to 2.5 GWh in Q4, for a total deployment of 6.5 GWh in 2022—by far the highest level we have achieved.

We’re ramping production at our dedicated 40 GWh Megafactory in Lathrop, CA to address growing demand pic.twitter.com/zQclrMASGM

— Tesla (@Tesla) January 25, 2023

WATCH:

Elon Musk banks almost $12B of Tesla money in seven days https://t.co/z1j7LL20mA

— FOX Business (@FoxBusiness) January 27, 2023

To get more information about this article, please visit FOXBUSINESS.COM. To weigh in, leave a comment below.

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