Stocks
Elon Musk Stocks
Tesla’s numbers don’t lie
On January 1, 2024, Tesla’s market cap stood at $789.89 billion. Fast forward to December 6, 2024, and that number nearly doubled to $1.483 trillion, according to Companies Market Cap. This was an 87.75% increase in less than a year, making Tesla the first auto company to cross the $1 trillion milestone. This surge in valuation has translated directly into Elon Musk’s personal wealth as he owns about 13% of Tesla, according to the company’s 2024 proxy statement.
Starting the year 2024 at $229 billion, Musk’s net worth skyrocketed to $486 billion by December, an astonishing 112% increase, as per Bloomberg Billionaire index data. In simple terms, Musk’s wealth grew by $245 billion in 2024 alone, making him the first individual ever to cross near the $500 billion mark.
Remember that back in August 2020, Elon Musk joined the $100 billion club, and by September 2021, he had already become the richest person on Earth, with a net worth of $200 billion, surpassing Amazon founder Jeff Bezos. November 2021 marked another first, as Musk’s fortune crossed the $300 billion threshold. However, the journey hasn’t been without setbacks.
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Discover the Future of Tesla Stocks
Tesla CEO Elon Musk is the first person on Earth to have a net worth of nearly $500 billion and this has been driven by the rise in Tesla stock as a bulk of his wealth comes from his holdings in the company. Share market data shows that Tesla stock has rallied around 80 percent in the last one year taking the company market value to $1.27 trillion and Elon Musk’s net worth to $427 billion as on January 15, 2025. Let’s break down what’s behind this surge, why investors are flocking to Tesla, and what it means for the broader EV market.
