**Elon Musk's Wealth Soars by Over $30 Billion Following Tesla's Strong Quarterly Results**

Elon Musk's fortune experienced a significant boost, adding over $30 billion in just two days, thanks to Tesla's robust quarterly performance. The electric vehicle giant's shares surged, leading to an impressive increase in Musk's net worth, which reached approximately $274.1 billion as of Friday morning.

Tesla's latest earnings report, released on Wednesday, revealed a 7.8% year-over-year increase in its third-quarter revenue alongside a 16.9% rise in net income for the same period. The company's gross margin stood at a notable 19.8%, further contributing to investor confidence.

In its shareholder presentation, Tesla projected slight growth in vehicle deliveries for 2024 despite ongoing macroeconomic challenges. The report also assured that the delivery timeline for its affordable models remains on track for the first half of 2025.

Musk's increasing wealth underscores the continued market confidence in Tesla's growth and future potential, with shares reflecting the company's strong financial performance and promising forecasts.