Tesla(US:TSLA) Huan Qiu Wang Zi Xun·2025-10-03 05:09Group 1 - Musk's net worth reached $500.1 billion as of October 1, 2023, surpassing Oracle founder Larry Ellison by nearly $150 billion [1] - By the end of the trading day on October 1, Musk's net worth decreased to approximately $499.1 billion due to a narrowing increase in Tesla's stock price [1] - Musk's wealth is closely tied to Tesla, where he holds over 12.4% of the shares, and the stock price increased by 3.3% on October 1, adding over $6 billion to his net worth [3] Group 2 - Tesla's stock has risen over 14% year-to-date, contributing significantly to Musk's wealth increase [3] - Musk also holds substantial stakes in SpaceX and xAI, both of which have seen increased valuations this year [3] - SpaceX is reportedly discussing financing and internal stock sales, with an estimated valuation of $400 billion [3] - xAI's valuation was reported at $75 billion as of July, with potential for a new round of financing that could raise its valuation to $200 billion, although Musk denied any current financing activities [3]