Overview
- Forbes’ real-time tracker showed Musk as the first person to reach $500 billion before the estimate slipped to about $499.1 billion, leaving the top ranking subject to quick reversals.
- A roughly 4% rise in Tesla shares on Oct. 1 added an estimated $9.3 billion to Musk’s fortune and helped vault him past Oracle co-founder Larry Ellison.
- Tesla reported more than 497,000 vehicle deliveries in July–September, up 7.4% year over year and above forecasts, supporting the stock’s rebound.
- The bulk of Musk’s wealth stems from large stakes in Tesla (about 12%, valued near $191 billion in the articles), roughly 42% of SpaceX at a reported $400 billion valuation, and a majority position in the combined xAI/X valued around $113 billion.
- Tesla faces a Nov. 6 shareholder vote on a proposed multi‑year CEO pay plan, as reports highlight ongoing executive departures across Musk’s companies.