Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status.

Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the Forbes billionaires list.

Musk owns 12% of Tesla, which is worth more than $1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.

  • Juice@midwest.social
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    2 hours ago

    Why are ppl still buying teslas. How does he make so much money if everybody fucking hates him? Whyyyyyy

      • lemmy_outta_here@lemmy.world
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        29 minutes ago

        It has started to make me question my sanity. Every week there is a headline like “Tesla sales collapse in Europe and Asia” or “Huge class action suit filed against Tesla” and the result is always the same: TSLA stock goes up.

    • bfg9k@lemmy.world
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      2 hours ago

      The general public has forgotten about him already, he’s retreated from the news because the bad press was hurting sales

      I see brand new Tesla’s everywhere, the company will not be going away anytime soon

      • Juice@midwest.social
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        2 hours ago

        I saw a Tesla truck this am with a license plate something like “S3XY B3AST” and it did not belong to Ben Kingsley.

        • P1nkman@lemmy.world
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          1 hour ago

          New car sales in Norway in September 2025: 98% electric. 1/3 of them were Teslas. Sales are also up in Denmark.