Elon Musk Hits $500B Net Worth, Tesla Stock Surges
Elon Musk’s Wealth Surpasses $500 Billion, Fueled by Tesla’s Surge
On October 2, 2025, Elon Musk made history as the first individual to achieve a net worth of $500.1 billion, according to Forbes’ Real-Time Billionaires tracker. The milestone, briefly reached before settling at $499.1 billion by day’s end, is driven by a sharp rise in Tesla’s stock price, up 14% year-to-date, and soaring valuations of Musk’s SpaceX and xAI ventures. Tesla’s rebound, bolstered by Musk’s renewed focus and a proposed $1 trillion compensation package, underscores his dominance as the world’s richest person, far ahead of Oracle’s Larry Ellison at $350.7 billion.
Tesla’s Stock Surge Powers Musk’s Wealth
Tesla’s stock (TSLA), as shown in the finance card above, closed at $439.36 on October 2, 2025, after a volatile day with a high of $470.75 and a low of $435.57. Musk’s 12.4% stake in Tesla, valued at approximately $191 billion, forms the backbone of his fortune. The stock has climbed 35.7% since the announcement of a $1 trillion compensation plan on September 5, which ties Musk’s payout to ambitious targets like a $10 trillion market cap by 2035. His recent $1 billion share purchase signals confidence in Tesla’s shift to AI and robotics, despite challenges like sagging car sales.
SpaceX and xAI Boost Fortunes
Beyond Tesla, Musk’s wealth is propelled by SpaceX, valued at $400 billion, contributing $168 billion to his net worth, and xAI, potentially valued at $200 billion after a July valuation of $75 billion. SpaceX’s dominance in commercial space, with Starlink’s satellite network and frequent NASA contracts, adds stability. xAI’s “Colossus” supercomputer and Grok chatbot aim to rival OpenAI, driving investor optimism. A December 2024 SpaceX insider share sale added $50 billion to Musk’s wealth, per Bloomberg. These ventures amplify his financial lead.
Context of Musk’s Meteoric Rise
Musk’s net worth has skyrocketed from $24.6 billion in March 2020 to $500.1 billion, crossing $100 billion in 2020, $200 billion in 2021, and $400 billion in 2024. His wealth surged after stepping back from Trump’s Department of Government Efficiency (DOGE) to refocus on Tesla, as noted by board chair Robyn Denholm. Despite Tesla’s stock lagging behind the “Magnificent Seven” tech giants due to margin pressures, a 7.4% rise in Q3 deliveries (497,099 vehicles) and investor confidence in Musk’s vision fueled the rally.
What’s Next for Musk and Tesla?
The proposed $1 trillion compensation package, awaiting shareholder approval in November, could push Musk toward trillionaire status by 2033 if Tesla hits its targets. However, legal battles over his 2018 compensation plan, struck down by a Delaware judge, persist. On X, sentiment splits: @WholeMarsBlog celebrates Musk’s milestone, while @StockMKTNewz notes Tesla’s stock volatility.
Critics question the sustainability of Tesla’s valuation amid global EV competition. Check the finance card above for TSLA’s real-time performance and monitor @Tesla for updates on Musk’s ventures and the shareholder vote.
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