Tesla's rising stock value has continued to put Elon Musk on the list of top billionaires as he faces another massive payout this week.
The electric car maker, which has seen oversized growth in recent weeks, suffered a rare day off on Monday, falling 3.1 percent to $ 1,497.06 after rising to $ 1,794.99 at the start of the session.
Tesla shares have already risen by a whopping 258 percent in 2020, and the US business press has marveled at the growing wealth of the iconoclastic muscle.
Bloomberg says Musk is currently the tenth richest person in the world with $ 68.6 billion in fortune.
Musk could also be only a few days away from qualifying for a new payout under the company's executive compensation plan, which ties Tesla's executive compensation to performance targets and stock price, and another $ 2.4 billion, according to Bloomberg. Raise dollars for Musk.
The electric car maker is expected to post second quarter earnings on July 22. There was speculation that Tesla could be promoted to the S & P 500 after the report. One of the criteria for this is posting profits in four consecutive quarters.
Tesla's withdrawal was part of a larger drop in tech stocks on Monday. The Nasdaq Composite Index, which has repeatedly set records in recent weeks, fell 2.1 percent to 10,390.84.
(Except for the headline, this story was not edited by NDTV staff and published from a syndicated feed.)