Tesla shares went on a tear in the wake of the release of its quarterly earnings on Wednesday. CEO Elon Musk added more than $26 billion to his net worth as a result.
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.
In its quarterly shareholder presentation, the electric vehicle maker said it "expect 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.
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