Tesla CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla's stock continues to skyrocket.<\/p>\n
Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of about $70.5 billion, roughly $1 billion more than Buffett, according to Bloomberg's calculations.<\/p>\n
Tesla shares continued to surge Monday and hit anothernew high. The shares jumped 12% in morning trading and brought the company's market valuation to $325 billion, making it the 10th-largest U.S. stock by market value.<\/p>\n
Investors now believe that Tesla could report a fourth straight quarter of GAAP profits when it posts second-quarter results on July 22, meaning it could be considered for inclusion in the S&P 500.<\/p>\n
The company's stock is up more than 300% for the year.<\/p>\n
-- CNBC's Robert Frankand Pippa Stevens contributed to this report.<\/p>\n
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Elon Musk is now worth more than Warren Buffett as Tesla stock continues to break records - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Tesla CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla's stock continues to skyrocket. Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of about $70.5 billion, roughly $1 billion more than Buffett, according to Bloomberg's calculations Continue reading