Tesla's stock experienced its largest surge in over a decade, jumping 22% in a single day following the company's impressive third-quarter profit report.
The electric vehicle leader announced a 17% increase in profits compared to the same period last year, fueled by robust sales and growth in its energy storage and services sectors.
As a consequence of this surge, Elon Musk's net worth skyrocketed by $26 billion, bringing his total wealth to $269.8 billion.
Musk retains his position as the world's richest person, with Larry Ellison in second place at $212 billion, nearly $60 billion behind.