The US stock market welcomed a historic night.

Last night, the Nasdaq Index broke 20,000 points for the first time in history, with Tesla leading a surge in technology stocks.

On Wednesday, the Nasdaq Index rose by 1.77%, closing at 20,034.89 points, setting a new historical high and closing record; the Dow Jones slightly dipped by 0.22%, while the S&P 500 Index rose by 0.82%.

Among the "seven giants" of US stocks, Apple, Amazon, Google, Meta, and Tesla all hit new historical highs.

Among them, Tesla and Google surged over 5%, NVIDIA increased over 3%, while Amazon, Meta, and Microsoft also strengthened, with only Apple slightly declining.

Year-to-date, NVIDIA, Meta, and Tesla have become the most outstanding technology stocks in terms of rise. This year, these three stocks have increased by approximately 181%, 79%, and 71%, respectively.

In the global market cap ranking, Apple remains in the top position with 3.73 trillion dollars, followed by NVIDIA at 3.41 trillion dollars, and Tesla has historically reached 1.36 trillion dollars, currently ranking eighth.

Currently, the total market cap of the seven giants has surged to an unprecedented 18.2 trillion dollars.

Musk, the first in the world.

Amid the exclamations on Wall Street, Musk boldly entered the "400 billion dollars" wealth club, becoming the first in the world and setting a new milestone for the richest person.

As of December 11 local time, the Bloomberg Billionaires Index shows that the world's richest person and Tesla CEO Musk has a net worth of 447 billion dollars, 198 billion dollars higher than the second-placed Jeff Bezos.

His wealth surged by 62.8 billion dollars in a single day, setting a historical record.

Since 2024, Musk's net worth has increased by approximately 218 billion dollars, far surpassing that of other global billionaires.

In terms of wealth composition, Musk manages six companies with a Market Cap of over five billion: Tesla, SpaceX, xAI, X, The Boring Company, and Neuralink.

Among them, only Tesla is a publicly traded company, while the other five are private businesses.

Musk's surge in wealth this time mainly benefits from the internal stock sale Trade in SpaceX and Tesla's rise.

According to the latest news, SpaceX and its investors have agreed to purchase up to $1.25 billion of the company's common stock at $185 per share.

This transaction also boosted SpaceX's valuation sharply from $250 billion a few months ago to $350 billion, making it the most valuable private startup in the world.

According to Forbes, Musk holds about 42% of SpaceX shares, which means the SpaceX stocks he holds are worth about $147 billion.

Regarding SpaceX's insane valuation, Musk also responded on the X platform, saying:

"What’s truly crazy is that even with a valuation of $350 billion, almost no investors are willing to sell their stocks! SpaceX has reduced the amount of shares bought back from employees to allow some new investors to join in."

Tesla is going crazy!

Apart from SpaceX, Tesla is the powerful driving engine behind Musk's skyrocketing fortune.

Data shows that Musk holds 0.411 billion shares of Tesla common stock and 0.304 billion unexercised Options (that expensive compensation package).

If Musk ultimately succeeds in 'collecting his paycheck', then based on today's closing Market Cap, his Tesla shares are worth approximately 277.4 billion dollars.

Additionally, as the biggest financial backer behind Trump's election, Musk is expected to continue flying high with Tesla during Trump's 2.0 era.

Currently, Musk plays an important role in the new government, serving as a co-head of the newly established Department of Government Efficiency.

Since the election results were announced in November, Tesla's stock price has soared nearly 75%.

Recently, major Wall Street firms have begun to raise the Target Price for Tesla.

Previously, Bank of America raised Tesla's Target Price by 14.3% to $400, which is at the high end of Wall Street Analysts' expectations.

Morgan Stanley raised its Target Price from $310 by 29% to $400, maintaining an overweight rating.

Goldman Sachs also raised Tesla's Target Price from $250 to $345, an increase of 38%, while maintaining a neutral rating on Tesla.

Even Craig Irwin, an analyst from Roth MKM who has been bearish on Tesla for a long time, has reversed his stance, upgrading the rating from neutral to Buy, and significantly raising the Target Price by 347%, from $85 to $380.

Meanwhile, Musk's AI startup xAI has also seen its valuation soar recently.

Reports indicate that xAI's valuation has more than doubled since its funding in May, reaching $50 billion.

Musk holds approximately 54% of xAI, corresponding to a value of about 27 billion dollars.