Elon Musk’s net worth increased by $20 billion after Tesla’s stock surged 17% following its latest earnings report.

Elon Musk increased his net worth by $26 billion today as Tesla stock posts its largest daily gain since 2011. Elon Musk is now the richest person in the world with a $270 billion net worth $TSLA

• Elon Musk’s net worth increased by $20 billion after Tesla’s stock surged 17% following its latest earnings report.
• The earnings beat Wall Street expectations, boosting investor confidence in the company’s future growth prospects.
• Tesla’s strong performance was attributed to higher-than-expected deliveries and the successful expansion of its production capabilities.
• Musk’s wealth now stands at approximately $250 billion, making him one of the richest individuals in the world.
• The stock rally highlights continued optimism about Tesla’s role in the electric vehicle market and its potential for further innovation.

Quotes:

• “Tesla’s earnings exceeded expectations, driving a significant surge in stock price,” a market analyst said.
• “Musk’s fortune soared as Tesla continues to dominate the electric vehicle industry,” the article notes.
• “Investors are betting big on Tesla’s future after this earnings report,” commented another financial expert.

Tesla short squeeze in progress $TSLA Elon Musk Gets $20 Billion Richer.

Thursday is shaping up to be Tesla’s best trading day since March 2021. The world’s most valuable automaker is on track to add approximately $110 billion to its market capitalization if the gains persist. https://t.co/Pp2xeW92ve pic.twitter.com/LNCk9aTcUT

— Share_Talk ™ (@Share_Talk) October 24, 2024

The Left is pissed! Just in: Elon Musk added $33.5 billion to his net worth Thursday as Tesla shares posted their biggest gain in more than a decade — BLOOMBERG

Just in: Elon Musk added $33.5 billion to his net worth Thursday as Tesla shares posted their biggest gain in more than a decade — BLOOMBERG pic.twitter.com/CiJKeuTV5c

— حسن سجواني 🇦🇪 Hassan Sajwani (@HSajwanization) October 24, 2024

Tesla just experienced its best day in 11 years…

Despite being up only 4.85% year-to-date, the stock’s recent surge has added an estimated $26 billion to Elon Musk’s net worth.

That’s Billion—with a capital B! pic.twitter.com/nqmVYoe36v

— Briefs Media (@briefsmedia) October 24, 2024