Elon Musk’s Net Worth Surges Past $500 Billion

Elon Musk, the carbon-based primate behind Tesla, SpaceX, and xAI, has just seen his personal fortune surge past the $500 billion (~RM2.1 trillion) mark. The milestone came after Tesla’s stock rose more than 3% despite declining EV sales in Europe and China, and the U.S. government ending EV purchase credits.

With Tesla’s board reportedly considering granting Musk more stock and a potential $1 trillion compensation package over the next decade — provided he remains CEO — Musk is now on a trajectory to become the world’s first trillionaire. His title as the world’s richest man was briefly challenged by Oracle founder Larry Ellison only three weeks ago.

Over the past year, Musk has reshaped Tesla’s narrative, insisting it’s no longer an automotive company but rather a robotics and AI firm. Competition from Chinese rival BYD has cut into Tesla’s EV sales, but Musk is betting big on the future of robotics.

For now, Tesla’s robotaxi service remains in small-scale trials, while the humanoid Optimus robot has yet to hit the commercial market. Musk, however, predicts millions will be sold in the future, deployed in factories and even as personal assistants.