Elon Musk is $26 billion richer after Tesla's best day on the stock market since 2013
Tesla shares soared 22% on Thursday, lifting the world's richest person's net worth by roughly $26 billion.
Tesla CEO Elon Musk, already the world's richest person, added another $26 billion in paper wealth on Thursday after his company's stock had its biggest rally since 2013.
Musk is now worth about $269 billion, according to Forbes, putting him more than $50 billion ahead of good friend and former Tesla board member Larry Ellison, who remains the largest shareholder in Oracle.
Musk controls close to 13% of Tesla's outstanding shares, accounting for the bulk of his net worth, though he also owns a big chunk of SpaceX, which is valued on the private markets at over $200 billion. Additionally, he's the controlling owner of X, formerly Twitter, and artificial intelligence startup xAI.
Musk's wealth could be even higher depending on the outcome of a shareholder lawsuit surrounding his 2018 pay package that's winding its way through court.
The pop on Thursday followed Tesla's better-than-expected earnings report late Wednesday and Musk's comments on the call suggesting that "vehicle growth" will be 20% to 30% next year. Tesla shares soared 22% at the close, their second-biggest gain since the company's IPO in 2010.
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