Tesla stock ($TSLA) has seen dramatic volatility this week, shaking up global markets and sending ripples through the world’s billionaire rankings. After a sharp sell-off linked to a public feud between Elon Musk and former President Donald Trump, Tesla shares lost 14% for the week, erasing $165 billion in market value and briefly slashing Musk’s net worth by nearly $34 billion.
Despite the dip, Musk rebounded quickly. By June, 2025, his net worth soared back to an estimated $423 billion, cementing his status as the richest person in the world The surge was fueled by a 23% rally in Tesla shares, optimism over the company’s upcoming robotaxi launch, and Musk’s exit from a high-profile government advisory role.
Musk’s fortune remains heavily tied to his stakes in Tesla, SpaceX, and X (formerly Twitter), making him far wealthier than his closest rivals, including Mark Zuckerberg and Jeff Bezos Meanwhile, the ongoing Trump-Xi diplomatic tensions have added further uncertainty to Tesla’s outlook in China, a key market for the electric vehicle giant.
For now, Musk remains the world’s richest person, with TSLA stock performance continuing to play a central role in his financial dominance.
