Tesla shares have surged, boosting CEO Elon Musk’s net worth back near pre-2024 election levels, according to Benzinga. Musk now sits atop the Bloomberg Billionaires Index with $429 billion, just shy of his January 1st peak of $431 billion. The rally follows a $1 billion stock purchase by Musk and optimism over Tesla’s delivery outlook, despite lingering sales declines in the U.S. and Europe. The Tesla board also unveiled a pay package that could make Musk the world’s first trillionaire if performance milestones are met. Tesla’s Berlin Gigafactory plans to ramp up production later this year as Musk reaffirms his focus on AI, autopilot, and production growth.
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