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Does Tesla Become More Valuable for Investors When Elon Musk Gets Richer?

Beata Zawrzel / NurPhoto

Tesla CEO Elon Musk, among many other things, is famous for being the wealthiest human being on Earth. Currently, Musk’s estimated net worth runs between a staggering $400 billion and $425 billion –that’s almost twice the wealth of the next-richest person in the world, Mark Zuckerberg.

A great deal of Musk’s wealth stems from Tesla, the automotive company he invested in in 2004 and later became CEO of. Musk owned 20% of Tesla stock in late 2020, when the car company’s valuation skyrocketed, thus creating 75% of Musk’s now incredible wealth, per The Guardian. As such, Musk’s wealth is irrevocably intertwined with Tesla’s value.

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