Tesla shocked the world this week after announcing shares increased 13 percent to $151.19 in trading, according to a report by Reuters.
The automaker reported a net income gain of $26.3 million, after experts initially predicted a loss of $18.9 million.
"We feel good about where things are and where they're headed," said founder and CEO Elon Musk in a press statement this week, according to Forbes.
Musk has a net worth of approximately $7.7 billion according to Bloomberg Businessweek, up over 220 percent year-to-date.
Tesla posted its first profit ever in the first quarter of 2013, as the company is slowly gaining respect all-around the country.
The Tesla Model S is sold for $69,900 before a $7,500 tax credit according to the company's website. The vehicle received the highest rating ever from Consumer Reports earlier this year, scoring a 99 out of a total 100.
Approximately 10,500 Model S vehicles were sold in the first six months of 2013, a number that is expected to increase this time next year.
Tesla plans to add a Model X SUV in late 2014 according to a Twitter post by Musk.
"He's very clearly managing all the moving parts that you have to manage to put together an effective car company," said Karl Brauer, an analyst with Kelley Blue Book, said to Bloomberg Businessweek. "For the people who can afford those cars, this car is very effectively lining up with their needs: an attractive premium looking and feeling, functional all-electric car."
The CEO is the 162nd wealthiest person on the planet.
Related Articles:
'Fast & Furious 7' Trailer, Rumors: James Wan Confirms Tyrese Will Be Back, Poster Revealed (PHOTO)
2013 Frankfurt Auto Show News: Infiniti Q30 Concept Confirmed
Moto X Review: Motorola's Google Smartphone Capable of Detecting a Moving Vehicle
2013 Honda Civic Tops IIHS Small-Car Crash Test (VIDEO)
See Now: OnePlus 6: How Different Will It Be From OnePlus 5?
