On Thursday, Elon Musk's net worth saw a massive boost. Tesla's stock had a fantastic day, with shares jumping by 22%. This surge followed the company's latest earnings report, which showed some positive results. Investors were pleased with Tesla's strong profit margins, earnings per share, and net income. The company also hit a new low in its cost per goods sold.

Musk's wealth grew even more due to his new promises. He forecast that Tesla will start offering rideshare services in California and Texas next year. He aims for these services to be fully autonomous and unsupervised. Musk also shared his prediction for 2025 deliveries, expecting a 20% to 30% growth. He believes Tesla will become the world's most valuable company.

Tesla's gains on Thursday pushed Musk's net worth to about $270 billion, an increase of $33. 5 billion. This makes him the richest person in the world, far ahead of Oracle's Larry Ellison, Amazon's Jeff Bezos, and Meta's Mark Zuckerberg. On Friday morning, Musk's net worth increased by another $3 billion to almost $273 billion.

Tesla stock was up more than 2% in regular trading on Friday, bringing its six-month gains to 55%. However, the stock is only up by 6% so far this year.

Elon Musk's Wealth Surges with Tesla's Stock Boom

Actions