Elon Musk’s wealth surges by $30 billion after Tesla stock jumps on record 4th quarter deliveries

Elon Musk’s wealth surges by $30 billion after Tesla stock jumps on record 4th quarter deliveries

Elon Musk got off to a great start in 2022, adding about $30 billion to his fortune in just a single day. The CEO's wealth rose after the electric-car maker reported a in the fourth quarter of 2021. higher at $1,199.78 a share Monday, to its market value. The EV-maker delivered 308,600 vehicles in the quarter, smashing Wall Street analyst estimates for 267,000, while annual vehicle deliveries rose 87% on last year. Wedbush Securities described it as a "jaw-dropping" performance, given a and other logistical issues were big hurdles for the automobile industry last year. Tesla's EV-demand trajectory looks robust for the remainder of 2022, Wedbush said. Musk, already seen as the world's richest person, built on his lead by adding $33.8 billion to his fortune from Tesla's gain. His total net worth now stands at $304 billion, according to the . He far outstrips Jeff Bezos, the second-wealthiest billionaire, who has a net worth of $196 billion. Tesla in October, after car-rental company Hertz said it would order 100,000 Model 3 vehicles. That helped boost Musk's fortune, which includes his stake in aerospace manufacturer SpaceX, to its highest level ever of $340 billion. But Tesla's value took a hit