Elon Musk, head of the executive board of Tesla, increased his wealth to $26 billion after the company's shares rose by 22% in the fourth quarter, marking the largest growth since 2013.
This surge led to Tesla's stock value reaching a record high and pushed the company's market capitalization to over $500 billion. Investors reacted positively to the news regarding the company's inclusion in the S&P 500 index, which contributed to the increased demand for Tesla shares.
"We see that Tesla is becoming increasingly profitable and compelling as a main player in the transition to electric vehicles," one of the analysts noted.
