The net worth of Elon Musk witnessed a staggering increase of $7.5 billion on Wednesday as shares of Tesla Inc. (NASDAQ: TSLA) experienced a 5% rally.

Tesla's first-quarter earnings report itself was a disaster, but Musk gave investors some much-needed good news on the conference call.

The electric vehicle Goliath has suffered a series of blows that have derailed its stock price, frustrated investors, and looted hundreds of billions of dollars off CEO Elon Musk's net worth. Much of the damage has arguably been self-inflicted.

Tesla (TSLA) stock jumped nearly 5% in after-hours trading on Tuesday, even as the company posted weak auto sales and a steep 71% profit drop

Elon Musk says he’ll dedicate more time to Tesla starting in May after the company reported a big drop in first-quarter profit.

An early Tesla investor argued Wednesday that Elon Musk’s “abhorrent” political views have plummeted the brand’s reputation to a low point he won’t be able to save. Ross Gerber, the CEO of an investment management company who claims to have been involved with Tesla for over a decade,