Elon Musk's net worth has recovered to $381 billion, primarily due to a significant rise in Tesla's stock price, which has surged by 44% in a month. Tesla's current market cap is $1.13 trillion, solidifying its place among global public companies. While Musk's wealth has increased, Tesla faces challenges, including a decline in vehicle deliveries and increased competition in the EV market, particularly in China. Other ventures, notably SpaceX, which controls a significant portion of the rocket business, play a crucial role in Muskâs financial standing.
Tesla's stock has risen 44% in the last month, contributing significantly to Elon Musk's net worth recovery to $381 billion. However, the company faces mounting delivery challenges.
Musk's wealth is also buoyed by his ownership in SpaceX, which dominates the U.S. rocket business and is valued at $350 billion, fortifying his financial empire.
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