THE fortune of Elon Musk has now ballooned to $570 million as of yesterday press time, as shares of Tesla Motor Inc. (TSLA) surged 14 percent following the firm’s Q2 results that exceeded estimates by analysts courtesy of robust deliveries on its Model S sedans.
Based on latest records by the Billionaires Index of Bloomberg, Musk has a net value of $7.8 billion, which has soared over 220 percent in year-to-date.
Musk is ranked 162 in the wealthiest people in the globe. He co-founded Tesla Motors in 2003.
Tesla on Wednesday reported operating expense revenue of $0.20 per share, which includes $0.15 related to a leasing program.
Even minus the provision, the company was able to exceed most expectations by Wall Street analysts for twenty-cent loss, based on figures gathered by Bloomberg.
TSLA announced that it will generate more income profits for the whole year, even as the company penetrates the Asian and European market.
Shares of the company settled at $153.47 as of Wednesday, which brings TSLA’s market value to over $18.2 billion.
TSLA’s shipment of the Model S has reached 5,160 in the first three months of the year, beating its target of 4,510.