Elon Musk's net worth jumps $26B after Tesla shares surge

25.10.24 18:50 Uhr

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Tesla CEO Elon Musk added more than $26 billion to his wealth on Thursday after shares of the electric vehicle maker surged in response to its strong quarterly results.Musk's fortune also posted gains on Friday, increasing by $4.3 billion since the end of Thursday's trading, Forbes' real-time wealth tracker showed. His net worth hovered around $274.1 billion as of Friday morning.Tesla shares went on a tear in the wake of the release of its quarterly earnings on Wednesday. It reported a 7.8% year-over-year increase in third-quarter revenue and a 16.9% jump in third-quarter net income. Its gross margin, meanwhile, came in at 19.8%.ETFS HEAVY IN ELON MUSK'S TESLAIn its quarterly shareholder presentation, the electric vehicle maker said it "expect[s] to achieve slight growth in vehicle deliveries in 2024" in spite of "ongoing macroeconomic conditions." Delivery of affordable Tesla models was "still on-track" for the first half of 2025, it also said.Musk told analysts and investors that Tesla was "profitable despite a very challenging automotive environment" and remained bullish about the company’s autonomous vehicle efforts, including the recently unveiled Cybercab.His current net worth comfortably maintains his status as the richest person in the world, according to Forbes. ELON MUSK KICKS OFF DAILY MILLION-DOLLAR GIVEAWAY FOR SIGNERS OF PRO-TRUMP PETITIONBehind Musk, fellow billionaires Larry Ellison and Jeff Bezos held the second- and third-place spots on the outlet’s real-time ranking with net worths of $213.9 billion and $206.9 billion, respectively.A report from Informa Connect Academy projected in September that Musk could become the first-ever trillionaire within the next couple of years. It also suggested Tesla’s market capitalization could hit $1 trillion by 2025.ELON MUSK COULD BECOME WORLD'S FIRST TRILLIONAIRE BY 2027Weiter zum vollständigen Artikel bei FOX Business

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Nachrichten zu Tesla

Analysen zu Tesla

DatumRatingAnalyst
18.11.2024Tesla UnderperformBernstein Research
18.11.2024Tesla OutperformRBC Capital Markets
15.11.2024Tesla OutperformRBC Capital Markets
14.11.2024Tesla HoldJefferies & Company Inc.
28.10.2024Tesla BuyDeutsche Bank AG
DatumRatingAnalyst
18.11.2024Tesla OutperformRBC Capital Markets
15.11.2024Tesla OutperformRBC Capital Markets
28.10.2024Tesla BuyDeutsche Bank AG
24.10.2024Tesla BuyDeutsche Bank AG
24.10.2024Tesla OutperformRBC Capital Markets
DatumRatingAnalyst
14.11.2024Tesla HoldJefferies & Company Inc.
24.10.2024Tesla HoldJefferies & Company Inc.
22.10.2024Tesla HoldJefferies & Company Inc.
11.10.2024Tesla NeutralGoldman Sachs Group Inc.
03.10.2024Tesla NeutralGoldman Sachs Group Inc.
DatumRatingAnalyst
18.11.2024Tesla UnderperformBernstein Research
24.10.2024Tesla VerkaufenDZ BANK
24.10.2024Tesla UnderweightJP Morgan Chase & Co.
24.10.2024Tesla SellUBS AG
11.10.2024Tesla UnderperformBernstein Research

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