S&P 500: Elon Musk wins his own $19 billion one-day lottery

What could be better than Elon Musk giving you a million dollars one day? Generating $19.3 billion.

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And that's exactly what happened on Thursday when shares of Tesla (TSLA) rose 21.9% after better-than-expected quarterly results.

Musk's nearly 13 percent stake in the electric vehicle maker won the stock market lottery. The value of the entire company rose by $150 billion in just one day, according to an analysis by Investor's Business Daily using data from MarketSurge and S&P Global Market Intelligence.

“Last night, Tesla gave investors an early Christmas present as bulls delivered a huge margin recovery and a surprisingly strong delivery outlook for 2025, in what we would describe as an Aaron Judge-style quarter and forecast,” said Wedbush’s Dan Ives.

But no one received a greater gift than Musk.

Musk's gift for a day

Musk's huge one-day windfall pushes the value of his position in Tesla to $107.1 billion. This is significantly larger than any other investor's share.

A who's who of ETF giants own the next largest Tesla shares. But no one comes even close to Musk. Vanguard earned $11.2 billion in the one-day rally on its 7.4 percent stake in the company.

And iShares owners BlackRock (BLK) hit the $8.9 billion jackpot with its 6% stake in the company.

Wait a second…

But just as Musk's daily gift of millions might be short-lived, the Tesla bonanza is also short-lived.

Of course, the third quarter was outstanding for Tesla. The company's financial results exceeded forecasts by 20%. This was despite sales falling 1% compared to estimates.

But this windfall could lose some of its momentum. Analysts expect profits to fall 25% in 2024. The stock is up just 5% this year, lagging the S&P 500's gain of more than 20%. And that explains TSLA's low RS Rating of 52 and weak Composite Rating of 52.

But for today, Tesla investors – and Musk in particular – are the big winners.

Biggest daily winners from Tesla

Following the stock gain on third quarter earnings news

Sources: IBD, S&P Global Market Intelligence