Tesla Stock Surges After Unexpected Earnings Boost

Tesla's stock soared following a surprising earnings report, reversing earlier losses and significantly increasing Elon Musk's net worth.

Tesla's stock price rose by 26% over two days, reaching its highest level since September 2023, driven by a strong earnings report.
The company's unexpected profit growth and improved margins defied analysts' expectations, leading to a significant market rally.
Elon Musk's net worth increased by over $30 billion, solidifying his position as the world's richest person.
The surge in Tesla's market value added approximately $157 billion to its capitalization, boosting the tech-heavy Nasdaq index.
Despite the rally, analysts express caution about the sustainability of Tesla's growth drivers, particularly its reliance on regulatory credits.