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Business

Chris Katje

Tesla’s Stock Surge In 2023 Boosts Elon Musk’s Wealth By $119 Billion

Elon Musk Warren Buffett Berkshire Hathaway Mark Zuckerberg Nasdaq Twitter Inc. Meta SpaceX Tesla Inc.

M MM in MM on Jul 13, 2023, (M/M) PARIS, FRANCE - JUNE 16: Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Musk's newfound wealth comes after shares of Tesla fell over 65% throughout 2022. The drop was so substantial that Musk even set a Guinness World Record for losing $182 billion in wealth from November 2021 through the end of 2022. PHOTO BY CHESNOT/GETTY IMAGES

After posting its worse stock performance since going public in 2010, shares of Tesla Inc (NASDAQ: TSLA) have rebounded in 2023.

Here’s a look at the impact of the Tesla stock surge in 2023 and the impact it has on the wealth of its CEO Elon Musk.

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