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Real-time News
The preliminary readings of the S&P Global Manufacturing and Services PMI for December in the United States will be released in ten minutes.The S&P 500 opened down 8.09 points, or 0.12%, at 6808.43 on Tuesday, December 16; the Nasdaq Composite opened down 58.88 points, or 0.26%, at 22998.53; and the Dow Jones Industrial Average opened up 29.99 points, or 0.06%, at 48446.55.On December 16th, US stocks opened lower. The Dow Jones Industrial Average fell 0.02%, the S&P 500 fell 0.13%, and the Nasdaq Composite fell 0.19%. Pfizer (PFE.N) rose 0.15% after releasing its 2026 revenue guidance. Popular Chinese concept stocks were mixed, with XPeng Motors (XPEV.N) opening up 0.85%.1. 2010s: The Beginning of Wealth Accumulation ① June 2010: Tesla went public on Nasdaq with an IPO price of $17. Musks stake exceeded 20%, and his wealth began to take shape. ② 2018: Tesla experienced a production crisis, but a breakthrough in Model 3 deliveries propelled the companys full recovery, and the stock price returned to its previous high. 2. 2020: The Year of Wealth Explosion ① January 2020: Teslas market capitalization surpassed $100 billion, triggering Musks stock option reward plan. ② July 2020: Tesla achieved profitability for four consecutive quarters, and its stock price surged. Musks wealth surpassed $70 billion, entering the top five globally for the first time. ③ August 2020: Musks wealth surpassed $100 billion, making him the fifth person in history to reach the $100 billion mark. ④ November 2020: SpaceXs Crew Dragon spacecraft completed its first manned test flight in May and officially launched its first manned flight in November, ushering in the era of commercial manned spaceflight. The companys valuation reached $46 billion. 3. 2021: First Time Reaching the Top Spot as Worlds Richest Person ① January 2021: Teslas market capitalization surpassed $800 billion, and Musks wealth reached $185 billion, surpassing Bezos to become the worlds richest person for the first time. ② October 2021: Teslas market capitalization surpassed $1 trillion, SpaceXs valuation rose to $100 billion, and his wealth surpassed $300 billion. 4. 2022-2023: Fluctuations and Adjustments ① End of 2022: Teslas stock price corrected due to the interest rate hike cycle, and Musks wealth shrank to approximately $130 billion, briefly losing his position as the richest person. ② First Half of 2023: Teslas price reduction strategy boosted sales, and the AI boom drove a stock price rebound, resulting in a significant recovery in his wealth, allowing him to reclaim the title of worlds richest person. 5. 2024-2025: A New Era of Wealth ① January-July 2024: Benefiting from Teslas better-than-expected deliveries, the Robotaxi launch plan, and the AI boom, Musks wealth rebounded strongly from a low of approximately $170 billion at the beginning of the year, rising to over $270 billion. ② December 2, 2024: Teslas stock price surged, and Musks wealth surpassed the $400 billion mark for the first time. ③ October 1, 2025 (approximately 303 days later): Teslas stock price continued to rise, and Musk became the worlds first billionaire with a net worth exceeding $500 billion. ④ December 15, 2025 (approximately 75 days later): SpaceXs valuation doubled within a month, jumping from approximately $350 billion to $800 billion, and Musks wealth surpassed $600 billion, setting a new record for personal wealth. ⑤ ? If SpaceX goes public next year as planned with a valuation of $1.5 trillion, Musk could become the first trillionaire in history.On December 16th, Capital Economics economist Stephen Brown stated that he is not overly concerned about the non-farm payroll report. He pointed out that private sector non-farm payroll data was robust. Private sector employment, excluding government, has shown accelerated growth in recent months: an average increase of 75,000 over the past three months, compared to an average increase of only 15,000 between May and July. Analyst Anstey noted that this also confirms the view that the healthcare sector is a key driver of growth. Furthermore, manufacturing employment has seen an absolute decline. Therefore, while the employment situation has improved, a broad upward trend has not yet emerged.
