Elon Musk, the CEO of EV maker Tesla (TSLA), has become the first person to reach a net worth of about $500 billion, thanks to a rebound in Tesla’s stock and the rising valuations of his other companies this year. According to Forbes’ billionaire index, Musk’s wealth stood at $500.1 billion as of 4:15 p.m. ET on Wednesday. Interestingly, Musk holds a 12.4% stake in Tesla as of mid-September, and the stock has gained more than 14% so far in 2025.
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Indeed, Tesla’s stock has been recovering after a shaky start to the year as investor confidence improved with Musk shifting his attention back to his company. Furthermore, Tesla board chair Robyn Denholm said that Musk was once again “front and center” at the company after spending several months at the White House. Soon after, Musk made headlines by purchasing nearly $1 billion worth of Tesla stock on the open market, which was a major sign of confidence in the company’s future. This comes as Tesla works to transform itself from a car manufacturer into an AI and robotics leader.
In addition, Tesla’s board has proposed a $1 trillion compensation plan for Musk, which will tie his payout to ambitious financial targets and address his request for a larger stake in the company. Meanwhile, Musk’s other ventures are soaring in value. In fact, his AI startup xAI was valued at $75 billion in July, with reports suggesting it could aim for $200 billion. Separately, Bloomberg reported in July that SpaceX was working on a deal valuing it at $400 billion.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 15 Buys, 12 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $346.57 per share implies 22.5% downside risk.
