Musk is now worth about $269 billion, according to Forbes, putting him more than $50 billion ahead of good friend and former Tesla board member Larry Ellison, who remains the largest shareholder in Oracle .
Tesla shares soared 22% at the close, their second-biggest gain since the company's IPO in 2010.
Prior to the earnings announcement, Tesla shares had been slumping and were headed for their worst month since January.
But the stock erased its loss for the year and is now up 5% in 2024, compared to the Nasdaq's 23% gain.
Tesla reported earnings per share of 72 cents, topping the average analyst estimate of 58 cents.
Persons:
Elon Musk, Musk, Larry Ellison, Tesla's, Tesla
Organizations:
Forbes, Oracle, SpaceX, Twitter
Locations:
Los Angeles , California, U.S, FSD