Elon Musk is $26 billion richer after Teslas best day on the stock market since 2013
Summary
Musk controls close to 13% of Teslas 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, hes the controlling owner of X, formerly Twitter, and artificial intelligence startup xAI. Musks wealth could be even higher depending on the outcome of a shareholder lawsuit surrounding his 2018 pay package thats winding its way through court. The pop on Thursday followed Teslas better-than-expected earnings report late Wednesday and Musks comments on the call suggesting that "vehicle growth" will be 20% to 30% next year. Prior to the earnings announcement, Tesla shares had been slumping and were headed for their worst month since January.