Core Insights - Following a recent stock rally, Tesla Inc. CEO Elon Musk has nearly regained the wealth lost since his meeting with President Trump ahead of the 2024 presidential election [1] - Musk has reclaimed the title of the world's richest person with a fortune of $429 billion, just shy of his January 1 figure of $431 billion [2] - The surge in Tesla's stock value is attributed to a $1 billion share purchase by Musk and positive market performance, with shares trading at $419.25 in pre-market [3] Stock Performance - Tesla's stock was down 45% year-to-date at its lowest point in April, coinciding with Musk's net worth dropping to $290 billion [4] - The stock began to rebound after reports indicated that Tesla would exceed analyst delivery expectations, boosting investor confidence despite some expert warnings [9] Political Involvement - Musk previously supported Trump's campaign with over $250 million in donations and involvement in the administration, but later distanced himself from Trump and government roles [5][6] Compensation Package - Tesla's board has proposed a pay package for Musk that could potentially make him the first trillionaire, contingent on achieving a market capitalization of $8.5 trillion and other milestones [7][8] - The pay package includes conditions such as reaching 10 million active Full Self-Driving (FSD) subscriptions, with recent revisions to FSD technology definitions amid expansion plans [8]