Tesla is Musk’s biggest source of income — his stake was valued at $195 billion in 2024, per Forbes. Shares for the automotive company surged following the 2024 election, which pushed Musk’s net worth over the $400 billion mark.

While Tesla CEO Elon Musk isn't in any danger of struggling to make ends meet, his wealth has taken a significant hit recently as shares of the electric vehicle company tumble on the stock market. Some analysts say it's an indication that Musk's controversial comments and connection to the Trump administration are having an impact on his personal riches.