Thanks to skyrocketing share prices, yesterday was a very big payday for Tesla founder Elon Musk. The already wealthy businessman added another $1.1 billion, ten percent of his net worth, to his overflowing wallet yesterday after Tesla's shares hit $248. This time last year, TSLA was trading at roughly $34 per share.

Tesla's latest jump in a year that has already seen share prices climb 65 percent is thanks to positive reports from Consumer Reports on the company's Model S electric sedan, and some kind words from Morgan Stanley about the brand's plans for a battery factory.

Despite all the good news for Tesla yesterday, not all of the $1.1 billion Musk earned came from his automotive pursuits. SolarCity, which Musk is also the largest shareholder in, saw its share prices jump 3.1 percent, as part of a 43-percent jump in 2014.

According to Bloomberg, Musk's latest stock earning makes him the second largest wealth earner among US billionaires this year, behind Facebook's Mark Zuckerberg.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 71 Comments
      Actionable Mango
      • 10 Months Ago
      "how about you?" I used a coupon for buy one Quarter Pounder, get one free, so I saved about $3.50 yesterday.
        tinted up
        • 10 Months Ago
        @Actionable Mango
        Would you have purchased the quarter pounder if you had not had the coupon? Oh what advertising can do to trick people into thinking they're saving. You could have eaten a can of tuna and a carrot instead and saved money over the QP w/ chee.
          Actionable Mango
          • 10 Months Ago
          @tinted up
          It was a joke really. But in a weird coincidence to your reply, I did recently buy 35 cans of tuna from Costco, and I definitely would not have done that without it being on sale.
        DAiNiUS
        • 10 Months Ago
        @Actionable Mango
        tree fiddy?
      Saracen
      • 10 Months Ago
      Well, he has added a billion in unrealized gains. You haven't actually made the money until you've sold the stock..
      ScottT
      • 10 Months Ago
      I made less than $1.1B yesterday, thanks for asking.
      ynguldyn
      • 10 Months Ago
      Just a few grand, but it still feels nice to be 750% up overall.
      john
      • 10 Months Ago
      I bought at $17 and now it is at what it is...Waiting for the Gigafactory announcement though
        john
        • 10 Months Ago
        @john
        if i sell now I will be up $10k.
        CoolWaters
        • 10 Months Ago
        @john
        You need to vote and to vote DEMOCRAT. Republicans are holding up all kinds of infrastructure spending money that would grow the economy. And at the same time doing their best to protect Wall Street Criminal Behavior. Break the hold of Republicans in the House and Watch the Economy EXPLODE with Growth.
        m_2012
        • 10 Months Ago
        @john
        When was it $17?
      Spiffster
      • 10 Months Ago
      I havent really anything technically, but my portfolio has increased in value by about 4K, thats for TSLA alone. I would have made much more if I had kept the faith and didnt sell at ~$65 (I bought back in at 120) but hindsight is always 20/20. That said, never let haters, nay-sayers, and blowhards influence your investment decisions... to these idiots, the sky is always falling, and progress is a terrible thing.
      Joe Carter
      • 10 Months Ago
      I go to work every single day, knowing that I can get orders to deploy in a moments notice. Yes, I volunteered for this, but to compare this guy to all of us is just ridiculous.
      clquake
      • 9 Months Ago
      He didn't make $1.1b, his stock increased $1.1b. To realize the gains, he has to sell.
      404 not found
      • 10 Months Ago
      Making more with Tesla than I am working at my job right now.
      That Guy
      • 10 Months Ago
      Tis a shame that such a fraud is getting so rich. I hope his customers don't mind him getting so rich when the company goes belly up. Solyndra motors is a house of cards
        Spiffster
        • 10 Months Ago
        @That Guy
        Im sure Elon is super bummed that you think he is a fraud.
          That Guy
          • 10 Months Ago
          @Spiffster
          I don't care what he thinks. I'm not losing sleep over what he does. Just enjoying the crap Shiite that is Tesla Motors
        gpmp
        • 10 Months Ago
        @That Guy
        dick
      johnnythemoney
      • 10 Months Ago
      Contrary to Mr Facebook, I feel like Musk's money is well earned.
        Essende
        • 10 Months Ago
        @johnnythemoney
        I agree with you. At least Mr. Musk didn't steal any ideas from others to start up his own business without giving credit to where its due. Also, Tesla actually makes a physical product where Facebook produces... people who think their lives are interesting? Facebook is a one data collection dump for marketing reasons, and most of that data is false anyway...
      goodoldgorr
      • 10 Months Ago
      This is a shame on the stock market. This company is vaporware and loss 16 millions on the last quarter. Me im investing in capstone turbine that do not make money actually but are near the point of revolutionizing the big truck market and the energy market with their turbines that provide 44 mpg for a big truck doing actually 10 mpg and with less pollution.. This website do not cover the green truck market, this is a shame.
        Jon
        • 10 Months Ago
        @goodoldgorr
        Link to the story about the capstone turbine? Does not seem plausible. Capstone turbine efficiency is around the same as ICE's. If you invested based on the 44mpg promise I would advise you to rethink..
          goodoldgorr
          • 9 Months Ago
          @Jon
          http://www.hybridcars.com/wrightspeed-combines-gas-turbine-and-batteries-for-big-fuel-savings/
    • Load More Comments