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Elon Musk's Fortune Jumps $26 Billion after Tesla Stock Best Day


Fri 25 Oct 2024 | 06:26 PM
Taarek Refaat

Tesla's CEO Elon Musk’s fortune jumped $26.4 billion on Thursday, helped by the electric carmaker’s second-best day ever on the stock market.

The world’s richest person’s fortune rose 10.85% to $269.8 billion, widening the gap between Musk and Larry Ellison, the world’s second-richest person, with a net worth of $212.2 billion.

Led by Elon Musk.. The wealth of the world's richest people jumps $1.5 trillion in 2023

This comes after TSLA ended trading up 21.90% to $260.48, recording the second-largest gain since the company's IPO in 2010.

Tesla's market value increased to $832.13 billion, rising two places on the list of the world's largest companies by market value, and occupying the tenth place.

The company's prediction of 20% to 30% vehicle delivery growth next year caught the attention of Wall Street analysts. Tesla is "is charging up for the next wave of growth,” Bank of America analysts said.