On October 24th local time, Tesla's stock price hit its best performance in 11 years, and the CEO and world's richest man Elon Musk's wealth also increased by over $26 billion.
On that day, Tesla's stock price rose 21.92% to $260.48 per share, marking the largest daily increase since 2013, with a market value increase of approximately $150 billion. This is also the second largest increase for the company since its listing in 2010.
As the owner of Tesla, Musk is naturally the biggest beneficiary of the stock's surge. According to the latest data from Forbes, Musk's current personal net worth is $269.8 billion (as of October 24th), an increase of $26.4 billion on the same day, with a growth rate of 10.83%.
Musk controls nearly 13% of Tesla's outstanding shares, and Tesla's equity also accounts for the majority of its net assets. He also owns a majority stake in the space exploration company SpaceX, which is valued at over $200 billion. In addition, Musk also owns social media company X, brain computer interface company Neuralink, artificial intelligence company xAI, and underground tunnel company The Boring Company.
Tesla's soaring stock price is due to its third quarter profits exceeding market expectations. Musk also predicted during a conference call that Tesla's car sales could grow by 20% -30% in the best case scenario next year, thanks to reduced car costs and the emergence of autonomous driving.
(Yangcheng Evening News · Yangcheng Pai Comprehensive Sina Finance, Foreign Media, etc.)