The CEO of Tesla Motors added: Specializing in the automobile industry, Elon Musk – who is already the richest person in the world – added a new $26 billion to his paper wealth yesterday after his company’s stock rose the largest since 2013.
Musk’s wealth currently amounts to about $269 billion – according to Forbes magazine. American – which makes him $50 billion ahead of his friend, former board member of the company, Larry Ellison.
CNBC reported: The American newspaper said that Musk controls approximately 13% of Tesla shares. The list represents the bulk of his net worth, although he also owns a large portion of SpaceX. Space exploration technologies, which are valued in private markets at more than $200 billion.
In addition, it is the controlling owner of the social networking site "X" – Formerly known as “Twitter” – And the emerging artificial intelligence company “XAI”, and Musk’s wealth may be greater than that.
The increase in his wealth comes after the “Tesla” company’s earnings report. Which was better than expected the day before yesterday, as the company recorded its second best day ever on the stock market after achieving profits higher than expectations in addition to positive expectations for growth in 2025.
< p>Before the earnings announcement, Tesla shares were… It is heading for its worst month since January, but the stock erased its loss for the year and rose 5% in 2024.
The company had announced earnings per share of 72 cents, exceeding The average estimated by analysts was 58 cents.
It should be noted that Musk supports the Republican candidate in the upcoming US elections, Donald Trump, and is leading a campaign and huge spending to support him.
