Elon Musk Earns $8billion in One Day

Tesla and SpaceX CEO Elon Musk's wealth valuation climbed by $8 billion over outstanding gains seen in Tesla at the end of Wednesday's trading session.

Data collated from Bloomberg Billionaire Index revealed Musk is presently worth $180 billion and is now the second richest man having surpassed the 72-year-old French billionaire, Bernard Arnault worth $173 billion.

The stock price of the electric car marker gained as much as 5.27% on Wednesday to settle at $656.57 with a market valuation of about $632.5 billion.

Recent macros reveal Tesla’s stock price recorded significant gains after the company announced that it had opened a solar-powered charging station in Tibet, China. The station in Tibet is the first of such facilities in China, the world’s largest market for automobiles.

This further boosted the carmaker’s investors on the grounds that the electric car company’s solar business may provide an additional source of growth in the future.

The Nasdaq-listed stock is also enjoying investors' confidence after recent data postulated a record peak for U.S. factory activity in June.

Though recent price patterns reveal the stock is still far from its 52-week high of $900, the stock has been able to produce yearly returns of about 242 percent.