"Musk has been able to dodge several problems in the last year. The first is Tesla's car unit sales, which have been about flat over the last four quarters. Tesla's stock is up 49% in the last year, compared to 32% for the S&P 500."
"Musk has two paths to a $1 trillion net worth. One is SpaceX. The other is that Tesla shows significant advances in robotics. Either could happen in 2026."
"Morningstar writes, 'At the same time, the firm faces substantial uncertainty and risk, including key personal governance risk surrounding Elon Musk, plus the company's recent acquisition of xAI, valued at roughly USD 250 billion.'"
Elon Musk's net worth has surged by $26 billion this year, reaching $645 billion, with SpaceX's potential IPO valued at $1.75 trillion. Musk owns 42% of SpaceX and has faced challenges with Tesla's flat car sales. Despite this, Tesla's stock rose 49% over the past year. Merging xAI with SpaceX has increased xAI's value to $250 billion, although experts caution about integration challenges. Musk's path to a $1 trillion net worth hinges on SpaceX's success or significant advancements in Tesla's robotics by 2026.
Read at 24/7 Wall St.
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