Tesla Stock’s Rally Could Again Vault Elon Musk to Top of the World’s Richest

A rally in Tesla stock—and recent share declines in the world’s largest luxury company—put Elon Musk on track to yet again be the world’s richest man. But only if the momentum continues.

Tesla

(ticker: TSLA) stock has been on a roll this year, up 68% so far in 2023 after a brutal 2022 that saw the shares lose 65%. Last year’s declines dragged down the value of CEO Elon Musk’s personal wealth, much of which is tied up in

Tesla

stock.