TESLA STOCK SURGES: Elon Musk's Net Worth Soars $10 Billion as Electric Vehicle Maker Defies Expectations

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Elon Musk's net worth skyrocketed by a staggering $10 billion on Tuesday as Tesla's shares continued their upward trajectory, following the company's impressive delivery figures. The electric vehicle maker's market capitalization soared as its shares jumped to nearly $229, building on the company's remarkable 25% rally since its stock price dipped below $183 on June 24.


The value of Musk's 12% stake in Tesla surged to a whopping $160 billion, a significant increase from $150 billion at the market close on Monday. The weeklong rally has added a staggering $30 billion to Musk's net worth.


Tesla's impressive delivery figures for the second quarter of this year exceeded analyst expectations, with nearly 444,000 vehicles delivered, a 14.8% increase over the previous quarter. Despite a 4.8% drop year-over-year, the company's performance has instilled confidence in investors, driving the stock price to new heights.


This remarkable turnaround has cemented Tesla's position as a leader in the electric vehicle market, and Musk's net worth is expected to continue its upward trajectory as the company pushes the boundaries of innovation and growth.

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