Elon Musk's net worth has increased considerably after Hertz, a rental car company, secured a <tipso substantial>substantial<tipso substantial> business deal with Tesla.
Hertz has confirmed its purchase of 100,000 Tesla vehicles for its <tipso enterprise>enterprise<tipso enterprise>, which sent Tesla's share price <tipso thruroof>through the roof<tipso thruroof>.
The company had its biggest day ever on the stock market as it <tipso rakein>raked in<tipso rakein> $25 billion, nearly 3 trillion Japanese yen.
This deal means that Tesla's market <tipso capitalisation>capitalisation<tipso capitalisation> has now pushed it into the trillion dollar club alongside the likes of Google, Facebook, Apple and Microsoft.
It's fantastic news for Tesla, but also for <tipso honcho>head honcho<tipso honcho> Elon Musk.
Currently, the tech billionaire's personal net worth stands at around $290 billion, making him the richest person to ever live.
It was only two years ago that Musk's worth was estimated to be around $20 billion, meaning his net worth has <tipso skyrocket>skyrocketed<tipso skyrocket> over tenfold since then. His net worth has increased again by $36 billion over the past week.
David Beasley, the director of the World Food Program has <tipso urged>urged<tipso urged> Musk to invest 2% of his wealth towards <tipso eradicate>eradicating<tipso eradicate> world hunger.
He said: "$6 billion can help 42 million people who are without food and are near death"
Musk, who remains <tipso dubious>dubious<tipso dubious>, responded by saying he will sell Tesla stock right now if the WFP are <tipso transparent>transparent<tipso transparent> with how they will spend the money.
However, the WFP have yet to respond with a clear answer on how they plan to use the money to eradicate world hunger.