Elon Musk’s current fortune of $849.3 billion is largely tied to his ownership stakes in Tesla Inc. and SpaceX. In a recent statement, Musk noted that his net worth is almost entirely due to these ownership stakes, with less than 0.1% being cash.
Musk Responds to Wealth Creation Debate
Musk responded to a post about creating wealth for others, stating that he has already done so “thousands of times over.” He added that employees at both Tesla and SpaceX receive stock and options, and that Tesla is over 80% owned by retail investors and index/pension funds.
Already have thousands of times over. My “net worth” is almost entirely due to my ownership stakes in Tesla and SpaceX. I have <0.1% that is cash.
Tesla and SpaceX employees all receive stock/options and Tesla is >80% owned by retail investors and index/pension funds, so value creation is widespread.
Trillionaire Talk Gains Momentum
Musk’s comments come as prediction market Kalshi shows rising odds of him reaching a $1 trillion net worth before 2027, with traders assigning a probability of about 78%. This speculation intensified after SpaceX merged with Musk’s artificial intelligence firm xAI, valuing the combined entity at approximately $1.25 trillion.
Tesla’s Stock Performance
Here’s a look at Tesla’s stock gains over the years:
| Time Period | Percentage Change |
|---|---|
| Past Month | -4.82% |
| Past 6 Months | +26.28% |
| Past Year | +17.88% |
| Past 5 Years | +60.29% |
| All Time | +32,512.50% |
Tesla earns a strong Momentum rating in stock rankings, reflecting a solid long-term price trend, though the stock is trending downward in the short and medium term.
Conclusion
With Musk’s net worth predicted to reach $1 trillion by 2027, he is on track to become one of the richest individuals in the world. His ownership stakes in Tesla and SpaceX, as well as the success of these companies, have contributed to his immense wealth. As the world watches Musk’s journey to becoming a trillionaire, one thing is certain - his impact on the business world will be felt for years to come.