Shares of Elon Musk's electric vehicle manufacturing company Tesla saw a rise of about 22% on October 25. Due to this, Musk's net worth has increased by 26.4 billion dollars, i.e. about Rs 2.21 lakh crore in a single day. This is about 11% of Musk's current total net worth.
This is the second biggest rise in Tesla shares so far in intraday. Earlier, on May 9, 2013, Tesla's shares had witnessed the biggest intraday rise. At the same time, Tesla's market cap has now become 81.62 thousand crore dollars.
This rise was seen in Tesla's stock after the results of Q3-2024.
This rise in Tesla shares has been seen after the company's third quarter results. In Q3-2024 i.e. the third quarter, the company's total revenue increased by 8% on an annual basis to $ 25,182 million. In the same quarter a year ago i.e. Q3-2023, the company's revenue was $ 23,350 million.
In the third quarter, the company's gross profit increased by 20% on an annual basis to $ 4,997 million. In the same quarter a year ago (Q3-2023), the company's gross profit was $ 4,178 million.
Musk's net worth increased by $26.4 billion in a day
According to Forbes Real Time Billionaires, Musk's net worth has increased by $ 26.4 billion i.e. Rs 2.21 lakh crore. Now Elon Musk is the richest person in the world with a net worth of 269.8 billion dollars i.e. about 22.68 lakh crores.
At the same time, America's Larry Page, owner of Oracle, is at second place with a net worth of Rs 17.84 lakh crore and Amazon founder Jeff Bezos is at third place with a net worth of Rs 17.17 lakh crore.
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