Focus on the BIG picture.
Saturday, Aug 02, 2025
Outside the box.
Elon Musk: The Richest Individual Ever
How Musk's Wealth Was Enhanced by Tesla, External Influences, and Strategic Initiatives
Elon Musk has become the richest person ever, with his net worth surpassing $334 billion.
This increase is mainly due to a 40% rise in Tesla's stock since the last election, influenced by political factors like President-elect Donald Trump's pro-business policies.
Musk, a close associate of Trump, contributed over $100 million to his campaign and was named chair of the newly established 'Department of Government Efficiency' (DOGE), alongside Vivek Ramaswamy.
Wall Street expects possible deregulation benefits for Tesla, especially regarding their Full Self-Driving technology.
Moreover, Musk's wealth is increased by his substantial holdings in xAI and SpaceX, with his 42% stake in SpaceX alone worth $88 billion.
SpaceX's potential new funding round could further boost its valuation by $18 billion.
Despite these gains, Tesla shares are still 14% below their all-time high in late 2021, while the S&P 500 has grown by 27% since then.
Musk's strategic investments across various sectors underscore his skill in leveraging his ventures for wealth accumulation, making his approach noteworthy, even if one disagrees with his methods.
This increase is mainly due to a 40% rise in Tesla's stock since the last election, influenced by political factors like President-elect Donald Trump's pro-business policies.
Musk, a close associate of Trump, contributed over $100 million to his campaign and was named chair of the newly established 'Department of Government Efficiency' (DOGE), alongside Vivek Ramaswamy.
Wall Street expects possible deregulation benefits for Tesla, especially regarding their Full Self-Driving technology.
Moreover, Musk's wealth is increased by his substantial holdings in xAI and SpaceX, with his 42% stake in SpaceX alone worth $88 billion.
SpaceX's potential new funding round could further boost its valuation by $18 billion.
Despite these gains, Tesla shares are still 14% below their all-time high in late 2021, while the S&P 500 has grown by 27% since then.
Musk's strategic investments across various sectors underscore his skill in leveraging his ventures for wealth accumulation, making his approach noteworthy, even if one disagrees with his methods.
