The Tesla CEO has gained around $36 billion in net worth over the last week, according to Bloomberg's Billionaire Index, after Tesla shares surged.

Elon Musk has won some breathing room. The boss of electric automaker Tesla’s surprise weekend visit to Chinese premier Li Qiang may pave the way for its assisted-driving technology to roll out in the country.

Tesla Inc.’s pivotal partnership with Baidu Inc. in China may amount to a U-turn of sorts for Elon Musk, who’s long claimed his company can eventually offer self-driving without high-definition maps.

Shares of the electric-vehicle maker rose about 4% in April, beating the S&P 500 by about 8 percentage points.

Tesla was once the undisputed global leader in electric vehicles. Those days are now distant as the company grapples with mounting competition.

The automotive industry and investors are focusing on news that U.S. electric car manufacturer Tesla has secured a basis for launching its Full Self-Driving (FSD) software in China. On April 29th, Tesla’s stock price closed at $194.

Despite this recent windfall, Musk’s overall wealth remains below its level at the beginning of the year. Bloomberg’s data reveals a decline of $27.5 billion in Musk’s net worth since January, reflecting the volatile nature of Tesla’s stock price over the past few months.