Elon Musk's Wealth Tops $500B as Tesla Deliveries Surge
Elon Musk's wealth has soared, briefly surpassing $500 billion, thanks to a 4% rise in Tesla's shares. The tech mogul, who owns SpaceX, Neuralink, and the AI company xAI, also saw his rocket maker, SpaceX, valued at $400bn (€340bn).
Tesla, Musk's electric vehicle giant, is expected to report around 443,000 deliveries for the last quarter, set to be announced on Thursday. Musk's confidence in Tesla's future is evident, as he recently purchased over 2.5 million shares, worth about $1bn (€850 million). This investment comes after Tesla's shares nearly doubled since April, when Musk stepped back from political roles. The increase added approximately $9.3 billion (€7.9bn) to Musk's fortune, bringing him halfway to becoming the world's first trillionaire.
Meanwhile, SpaceX, Musk's private aerospace manufacturer, is now worth $400bn (€340bn), with Musk owning more than 40% of the company. Musk also holds just over half of xAI Holdings, a combined company of his AI venture and the social media platform X (formerly Twitter), valued at $113bn (€96bn).
Tesla's European sales appear to be thriving, with increases reported in several European markets in September. As Musk's wealth continues to grow, so does his influence in the tech and automotive industries. With SpaceX's valuation and his ownership in xAI Holdings, Musk's empire continues to expand, making him one of the wealthiest individuals in history.
