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Elon Musk got $19 billion richer after Tesla's robotaxi launch
- Elon Musk's net worth surged by $19 billion after Tesla's robotaxi launch in Austin.
- Tesla stock rose 8% on Monday following the launch where select users were offered rides for $4.20.
- Analysts believe the hype around robotaxis is already factored into Tesla's stock price and caution about execution risks.
- The surge in Tesla's stock price on Monday translated into a $19 billion gain for Elon Musk, maintaining his position as the world's richest person.
- Despite a $47.5 billion loss since the start of the year, Musk's current net worth stands at $385 billion.
- Musk acknowledged Tesla's internal teams for the robotaxi launch, calling it the result of a decade of hard work.
- UBS analysts raised their target price on Tesla's stock to $215 with a 'Sell' rating, highlighting that much of the optimism is already reflected in the stock.
- Other analysts raised concerns about the challenges Tesla faces in safety, operation, infrastructure, sensor constraints, and real-world deployment for the robotaxi service.
- Elon Musk's net worth exceeds that of the world's second richest person, Mark Zuckerberg, by $139 billion and surpasses Jeff Bezos' by $155 billion.
- The robotaxi launch was a highly anticipated event for Tesla and its supporters, driving the stock price up on Monday.
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