Elon Musk’s net worth skyrocketed by $33.5 billion to reach $270.3 billion after Tesla’s stock shot up 22% on October 24, marking its largest single-day gain in over a decade.
This jump, fueled by Tesla’s impressive third-quarter profits, places Musk $61 billion ahead of Jeff Bezos on the Bloomberg Billionaire Index. The boost comes after Tesla reported its highest quarterly profit since mid-2023, with predictions of up to 30% growth in vehicle sales. Musk also hinted at big plans for Tesla’s Cybertruck and future robotaxis, which could begin production by 2026.