In the 14 years that Tesla Inc. has been a public company, Elon Musk has made more money on his Tesla Inc. stake in the last two days than in any other two-day period.
Musk, who helped start Tesla TSLA 3.34% and is now its CEO, owns 715,022,706 shares of the electric vehicle company, according to his most recent stock disclosures.
According to FactSet, that’s 22.3% of the 3.21 billion Tesla shares that were out there as of October 18. That makes him by far the biggest shareholder.
After a huge earnings report for the third quarter, the stock went up $46.83, or 21.9%, on Thursday. It ended the day up $8.71, or 3.6%, and was the highest it had been since September 15, 2023.
Read: Today is the best day for Tesla stock in 11 years. Why it’s tough not to be optimistic.
The best two days for price growth since the two days ending on February 4, 2020, when it rose 36%. The price rose $55.54, or 26%.
If the price went up that much, Musk’s shares would have become worth almost $190.64 billion, which is a two-day record.
The Bloomberg Billionaires Index said that Musk was already the richest person in the world on Thursday, with a net worth of about $270 billion. He has even more money now.
This week, Tesla’s stock has gone up 22%, making it the best-performing stock in the S&P 500 index (SPX -0.03%). The S&P 500 has gone down 0.9% this week, while the Roundhill Magnificent Seven ETF MAGS 1.24% has gone up 3.3%.
