Elon Musk Just Got Much Richer From Tesla Stock's Historic Post-Earnings Bump [Forbes]
Tesla, Inc. (TSLA)
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Source: Forbes
Tesla stock is tracking toward its best day in 27 months. Pictured is Musk. Tesla stock's 11% rally to more than $160 per share would be its biggest single-day gain since Jan. 2022, coming after the company's Tuesday afternoon earnings report. Musk, who is Tesla's largest individual shareholder with a 13% stake, grew more than $10 billion wealthier Wednesday morning thanks to the stock market gain, by far the biggest gain of any billionaire, according to Forbes' real-time Musk's total fortune swelled to $188 billion, making him the third-richest man in the world, trailing only French luxury tycoon Bernard Arnault ($218 billion) and Amazon chairman Jeff Bezos ($198 billion). The results featured a chilling 47% annual drop in profits to their weakest level in three years, but crucially included encouraging nuggets about the company's electric vehicle and ride-hailing taxi initiatives, as Tesla said it's on track to soon begin making cheaper EVs and to tangibly move forward with
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News
- Elon Musk sues Indian battery company Tesla Power for trademark infringement [FOX Business Network]FOX Business Network
- Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales [Fortune]Fortune
- Have the wheels come off for Tesla? [Yahoo! Finance]Yahoo! Finance
- Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package [Business Insider]Business Insider
- Tesla in Turmoil as Musk Makes Multiple Controversial Moves [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
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Sec Filings
- 5/3/24 - Form DEFA14A
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website