<div id="readability-page-1"><div><div>Tesla Inc. (NASDAQ:TSLA) stock climbed 1.86% during Thursday’s pre-market trading session after CEO Elon Musk reached an unprecedented financial milestone to become the first person in history to amass a net worth of $500 billion.<h2>Musk Tops $500 Billion, Outweighing Ellison and Zuckerberg</h2>Musk’s net worth reached $500 billion on Wednesday, according to Forbes’ Real-Time Billionaires tracker. This surge in wealth is attributed to the rise in Tesla stock, the increasing valuation of his space exploration company, SpaceX, and the growth of his AI venture, xAI Holdings.Musk’s net worth is now $150 billion more than that of Larry Ellison, co-founder of Oracle Corp. (NYSE:ORCL), who is the second-richest person. Mark Zuckerberg, the CEO of Meta Platforms, Inc. (NASDAQ:META), follows in third place with a net worth of $245.8 billion.Musk’s wealth is also above the market capitalization of major companies like Johnson &amp; Johnson (NYSE:JNJ), Alibaba Group Holding Ltd. (NYSE:BABA) and Palantir Technologies Inc. (NASDAQ:PLTR).<h2>Tesla Braces For Q3 Deliveries</h2>Additionally, Tesla braces for Q3 delivery numbers due today. The quarterly figures will show the impact of U.S. subsidies on sales, with China boosting Tesla's new six-seater Model Y L, while Europe lagged due to an aging lineup and buyer concerns over Elon Musk's politics. Investor Gary Black predicts strong Q3 delivery numbers on X. Musk’s wealth surge comes amid a series of events that have shaped Tesla’s journey. The Cybertruck outperformed a Porsche 911 in a drag race, showcasing the company’s technological prowess. However, investor Ross Gerber said on X that Tesla's sales were boosted by the rush to use the $7,500 EV credit, but warned the momentum would fade once the credit ended. The electric car giant has also faced challenges, with European sales falling by over 25% in Italy. According to Benzinga Edge Stock Rankings, Tesla has a growth score of 75.47% and a momentum rating of 89.97%. Click here to see how it compares to other leading tech companies.READ NEXT:<ul> <li>Elon Musk Is ‘The Ultimate GPU,’ Says Nvidia CEO Jensen Huang—Predicts He Could Be The First To Hit A Gigawatt</li> </ul>Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Image Via Shutterstock</div></div></div>

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Tesla Inc. (NASDAQ:TSLA) stock rose 1.86% in pre-market trading following CEO Elon Musk's achievement of a $500 billion net worth, making him the richest person in history. This increase is linked to Tesla's stock performance, SpaceX's valuation, and Musk's AI venture, xAI Holdings. Tesla is set to release Q3 delivery numbers, which are expected to reflect the impact of U.S. subsidies. Despite challenges in Europe, investor predictions remain optimistic about strong delivery figures. Tesla's growth and momentum scores are notably high, indicating strong market performance.

- Tesla Inc. stock rose 1.86% in pre-market trading as CEO Elon Musk became the first person to reach a net worth of $500 billion, driven by Tesla's stock performance and his ventures in SpaceX and xAI Holdings.  
- Musk's wealth surpasses that of Larry Ellison and Mark Zuckerberg, and is greater than the market capitalization of major companies like Johnson & Johnson and Alibaba.  
- Tesla is preparing for Q3 delivery numbers, which will reflect the impact of U.S. subsidies, while facing challenges in Europe and a potential decline in sales momentum after the EV credit expires.

Tesla Stock Surges Nearly 2% In Thursday Pre-Market: What's Going On?