TSLA: Tesla Stock Closes In on Record High as Elon Musk’s Wealth Pops to $384 Billion

Musk has added $155 billion to his net worth this year alone. That’s more than $13 billion a month, $430 million a day, or $18 million an hour.

• Tesla stock TSLA is on the verge of peaking at an all-time high after Tuesday’s session lifted the shares by another 3%. The company hit a record high on November 4, 2021 when shares soared to a session high of $414.50 and closed out for the day at $409.97. Yesterday, the EV maker signed off for the day at $400.99 a share after going as high as $409.11 for a session peak.
• Looking back, this year has been a highly volatile period for Tesla for many reasons. The company struggled with lackluster sales and investors drove the shares to a 40% loss at their worst. Shortly after, Tesla reeled itself out of the slump and floated sideways for a while before pumping hard when Donald Trump won the presidential election. Now Musk is glued to the President-elect and he is hyped to participate in major cost-cutting initiatives for the US government.
• More than that, Tesla is expected to meet a fairly low bar when it comes to self-driving regulatory standards. Donald Trump is already working to pave the way for Tesla’s regulatory approval so it could roll out its autonomous cybercabs and robovans as soon as late 2025. And with that, Musk is the world’s richest person, flexing net worth of $384 billion. This year alone, the Tesla CEO has added $155 billion to his fortune.