Elon Musk adds $30 billion to his net worth in a single day: ‘Tesla will become the most powerful company in the world’

Elon Musk, already the richest man in the world, saw his wealth grow by an astonishing $34 billion in a single day on Thursday, cementing his lead atop the ultrarich rankings.

Tesla’s latest quarterly results, though mixed, delivered one critical element that investors had been eagerly awaiting: profit. The electric vehicle giant posted its largest quarterly profit since mid-2023, a rebound after four straight quarters of disappointed earning.

This came despite falling short of revenue expectations, which many had feared would continue to drag the company down. The optimism, however, was driven by Musk’s confident projections during the earnings call, where he announced that Tesla could see vehicle sales growth of 20% to 30% in the coming year.

The real surprise, however, came in Musk’s declaration that Tesla’s long-awaited Cybertruck had finally achieved profitability for the first time in its quarterly sales—a milestone that investors took as a sign of the company’s ability to innovate its way out of production issues.