The value gap between Elon Musk's holdings in SpaceX and Tesla stands at $43 billion following the slide in the EV maker's stock this year.
Elon Musk's wealth is increasingly diversifying away from Tesla, with his stake in the electric vehicle company now representing a smaller portion of his overall fortune. According to a Bloomberg report, Tesla's stock has experienced a significant decline, dropping by 65% from its peak in November 2021, which has reduced the value of Musk's Tesla shares. Meanwhile, his other ventures, particularly SpaceX, have seen substantial growth. SpaceX, valued at $150 billion, has become a more significant contributor to Musk's net worth, especially after a recent tender offer that allowed employees to sell shares at a high valuation. Additionally, Musk's involvement in other companies like Neuralink and The Boring Company, along with his $44 billion acquisition of Twitter, further dilutes his reliance on Tesla's performance for his wealth. This shift highlights a broader trend where Musk's financial interests are becoming less tethered to Tesla's stock price.
Stocks & Investing
