Elon Musk’s Wealth Soars $34 Billion as Tesla Comes Roaring Back
- Strong quarter boosts Musk’s net worth to $270.3 billion
- Increase is billionaire’s third-largest single-day gain
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Elon Musk added $33.5 billion to his net worth Thursday as Tesla Inc. shares posted their biggest gain in more than a decade, extending the world’s richest man’s lead atop the Bloomberg Billionaires Index.
Shares ended the day up 22% and turned positive for the year after the automaker reported its largest quarterly profit since the summer of 2023. Musk forecast as much as 30% growth in vehicle sales next year on a webcast following the release, and announced that the Cybertruck generated a quarterly profit for the first time.