Elon Musk and girlfriend Grimes welcome their first child together as Shares of Tesla Inc jumped more than 8 per cent

The engineer, industrial designer,Tesla CEO Elon Musk and his songstress girlfriend Grimes has given birth to their first child together.

Grimes, 31, gave birth to their firstborn on Monday, May 4, with Elon, 48, revealing the happy news to his 33.6 million Twitter followers.

The technology entrepreneur had earlier excited fans when he revealed that the pair were “A few hours away!” – hinting they were set to become parents.

Just four hours later, he confirmed that Grimes had given birth tweeting “Mom & baby all good.”

The couple welcomed a son making this Elon’s 6th son. It would have been his 7th but he lost one of his sons to SIDS.

On monday,the Shares of Tesla Inc jumped more than 8 per cent on Monday, putting Tesla’s market capitalisation at US$141.1 billion at the close. More importantly for Musk, Tesla’s stock market value reached a six-month average of US$100.2 billion, according to an analysis of Refinitiv data.

Musk, who is also the majority owner and CEO of the SpaceX rocket maker, receives no salary or cash bonus, only options that vest based on Tesla’s market cap and milestones for revenue and profit growth.

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