Elon Musk is $100 billion richer than in April thanks to Tesla's stock surge — and worth more than McDonald's or Pepsi

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Elon Musk.
Tesla CEO Elon Musk has added over $100 billion to his fortune since April.

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Everyone wants a plug-in hybrid, and it's sending prices soaring

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Volvo XC60 hybrid plugged into a charger
Volvo's XC60 plug-in hybrid

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It's a great time to buy an EV

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A Ford Mustang Mach-E electric vehicle is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California.
Electric cars are piling up on dealer lots, which means more deals for shoppers.

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One of China's hottest new EV makers says it lost $9,200 for each $30,000 smart car it delivered

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Chinese customers assess the Xiaomi SU7 at a flagship store in Shanghai, China.
Xiaomi's SU7 sold out on the first day of its launch, but the smartphone maker's early losses show it will take time for the new EV player to turn a profit.

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The sub-$30,000 EV probably isn't going to happen anytime soon

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Ford Mustang Mach-E electric vehicles on a dealer lot
Ford Mustang Mach-E electric vehicles on a dealer lot

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5 promises Elon Musk made about the Cybertruck that never happened

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Tesla Cybertruck with Elon Musk
Elon Musk shows off a prototype Cybertruck in 2019.

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Elon Musk initially said the Cybertruck would cost from $39,900. Now, you can't buy it for much less than $100,000.

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Cybertruck
The Tesla Cybertruck has had a rocky rollout since its launch last year, with multiple recalls.

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Trump says he has 'no choice' but to support electric vehicles because Elon Musk 'endorsed me very strongly'

Tech Insider : Politics
Elon Musk, center, meets Donald Trump in the White House, 2017
Elon Musk, center, meets Donald Trump in the White House in 2017.

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Elon Musk is still being graded on a curve

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Elon Musk.
Elon Musk.

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Tesla is making money off cars its competitors aren't selling

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Elon Musk.
Elon Musk endorsed Trump in July.

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