Elon Musk net worth: Staggering amount Tesla CEO is worth
Elon Musk: David Beasley says ‘we need billionaires to step up’
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Mr Musk’s recently leaked email saw him suggest his employees try not to “sprint like crazy” to maximise end of quarter deliveries. Doing so, he warned, would result in fewer deliveries and higher costs, and he encouraged people to work as if the company was not public and “the notion of ‘end of quarter’ didn’t exist”. Final quarter results will build on what has proven a groundbreaking year for Tesla, as the company’s sales exploded in 2021, rising to 627,350 so far from 500,000 last year.
How much of Elon Musk’s net worth comes from Tesla?
Mr Musk became the world’s richest man in 2021, surpassing Amazon chief Jeff Bezos by reaching $282.4 billion (£211.4 billion).
His vast accumulated wealth comes from the performance of companies under his control, namely Tesla and SpaceX.
Earlier this month, he explained via Twitter that he does not “take a cash salary or bonus from anywhere”, only stock.
Of the two, Tesla is the most successful and contributes most of his total net worth.
Tesla, the world’s most valuable electric car manufacturer, crossed the $1 trillion (£748.4 billion) mark for the first time this year.
The company crossed that landmark value in late October and has since hovered around there.
Mr Musk owns a minority of the company, with approximately 17 percent of its stock.
His stock is worth roughly $180 billion (£134 billion), despite being 934,091 shares lighter, as of last week.
He agreed in a Twitter poll to sell 10 percent of his Tesla shares, amounting to $1.05 billion (£785 million), following a debate about billionaire tax arrangements.
According to Forbes, he owns much more of SpaceX, possessing 48 percent of the company.
But the private aerospace manufacturer has contributed significantly less to his overall wealth.
In October, CNBC reported the company reached $100 billion (£74.8 billion) following a private valuation.
Unlike Tesla, however, SpaceX is not publicly traded, so how much Mr Musk makes from his stake is unclear.
Analysts believe the CEO could make much more money from his fledgling space exploration firm.
Adam Jonas of Morgan Stanley said it could eventually make Mr Musk the world’s first trillionaire.
He told the Guardian the firm was “challenging any preconceived notion” relative to “rockets, launch vehicles and supporting infrastructure”.
Mr Jonas added clients had told his company if Mr Musk was to become the first trillionaire, “it won’t be because of Tesla”.
He said others have said it could become the “most highly valued company in the world”.
The analyst added SpaceX could potentially boast a total valuation of $200 billion (£145 billion), from where it will likely grow.
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