- Elon Musk's nett worthy soared by astir much than $30 cardinal connected Thursday aft Tesla banal surged 22%.
- Tesla's third-quarter net exceeded expectations, boosting nan company's marketplace worth by $153 billion.
- Musk remains nan world's richest person, pinch wealthiness from Tesla, SpaceX, and different ventures.
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Elon Musk added much than $30 cardinal to his nett worthy connected Thursday aft Tesla banal soared pursuing its third-quarter net results.
Shares of Tesla jumped 22% connected Thursday, adding astir $150 cardinal successful marketplace worth arsenic investors shouted nan automaker's higher-than-expected gross margins, plans for a lower-cost conveyance successful 2025, and Elon Musk's guidance of up to 30% maturation successful conveyance deliveries adjacent year.
The monolithic summation puts Elon Musk's full nett worthy astatine conscionable complete $270 billion, according to information from Bloomberg.
Thursday's surge successful Tesla banal solidifies Musk's position arsenic nan world's richest person, good up of different executives astatine nan apical of nan database including Jeff Bezos and Larry Ellison.
Musk's luck is derived from his 13% liking successful Tesla and astir 304 cardinal exercisable banal options from his 2018 compensation package, according to Bloomberg. Musk's full Tesla liking is worthy astir $123 billion.
Musk's 2nd largest root of wealthiness is SpaceX. The billionaire owns astir a 42% liking successful nan abstraction exploration institution pinch a full worth of conscionable complete $80 billion, according to Bloomberg.
Finally, Musk's ownership stakes successful X, The Boring Company, Neuralink, and xAI are worthy a mixed $24 billion, Bloomberg estimates.