Elon Musk Sees $33.5B Wealth Surge In A Day As Tesla Stock Adds Nearly $150B In Best Performance In Over A Decade
Portfolio Pulse from Pooja Rajkumari
Elon Musk's wealth surged by $33.5 billion as Tesla's stock rose 22%, marking its best performance in over a decade. This was driven by Tesla's highest quarterly profit since mid-2023 and a positive vehicle sales outlook. The company's market value increased by nearly $150 billion.
October 25, 2024 | 7:38 am
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Tesla's stock surged 22% following its highest quarterly profit since mid-2023 and a positive vehicle sales outlook, marking its best performance in over a decade.
Tesla's stock price increased significantly due to the announcement of its highest quarterly profit since mid-2023 and a positive outlook for vehicle sales growth. This led to a 22% rise in stock price, marking the best performance in over a decade and increasing the company's market value by nearly $150 billion.
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