Elon Musk’s Net Worth Surpasses $500 Billion Again as Tesla Reports Record Vehicle Deliveries
Updated | Business & Tech
Article Type: NewsArticle
Headline: Elon Musk’s Net Worth Tops $500B Again After Tesla Delivery Record
Author: Staff Writer
Publisher: Your Site Name
Date Published: Oct 2, 2025
Date Modified: Oct 2, 2025
Main Entity: Elon Musk net worth
Elon Musk’s fortune has climbed back above the $500 billion mark after Tesla reported a record-breaking number of vehicle deliveries for the third quarter, signaling a sharp rebound for the electric vehicle maker following a difficult previous quarter.
The surge in deliveries appears to have been driven, in part, by increased demand ahead of the expiration of a key federal tax credit for electric vehicle purchases in the United States.
Tesla Posts Record Quarterly Deliveries
Tesla announced Thursday that it delivered 497,099 vehicles during the third quarter, far exceeding analyst expectations.
According to data compiled by FactSet:
- Consensus estimates projected 443,079 deliveries
- Some economists forecast around 456,000 vehicles
The latest figure marks the highest quarterly delivery total in Tesla’s history, surpassing the company’s previous record set in the fourth quarter of 2024.
The result represents a 7.4% year-over-year increase, a notable turnaround after recent challenges.
Sharp Rebound After Prior Quarter Decline
The strong third-quarter performance follows a steep decline earlier in the year.
In the second quarter, Tesla reported just over 384,000 vehicle deliveries, missing analyst expectations and posting a 13% annual drop — the largest decline in the company’s history and its second consecutive quarterly decrease.
That slowdown came amid broader market uncertainty and public backlash tied to Musk’s increasingly visible political positions.
Tesla Shares Rise as Investors React
Following the delivery report, Tesla shares rose approximately 1.7%, trading near $467.50 shortly after markets opened Thursday morning.
The stock’s rebound has played a major role in boosting Musk’s personal wealth, as Tesla remains the cornerstone of his fortune.
Musk Reclaims $500 Billion Milestone
According to Forbes’ real-time estimates, Musk’s net worth now stands at approximately $500.8 billion, making him the wealthiest person in the world.
He crossed the $500 billion threshold earlier this week after Tesla shares rallied 33% in September, becoming the first individual in history to reach that valuation. Musk had previously made headlines in December when he became the first person worth more than $400 billion.
EV Tax Credit Expiration and Market Outlook
The increase in Tesla deliveries coincided with the expiration of a $7,500 federal tax credit for electric vehicle buyers, which ended Wednesday.
Electric vehicle adoption in the U.S. has continued to outpace traditional gasoline-powered vehicles. According to the Bureau of Transportation Statistics, EV sales rose 7% to 1.6 million vehicles in 2024, compared with a 2% growth rate for non-electric passenger vehicles.
However, uncertainty remains about how the tax credit’s expiration could impact future demand. Ford CEO Jim Farley cautioned this week that EV demand could potentially be cut in half without government incentives, though the long-term effects remain unclear.
What’s Next for Tesla and Musk
While Tesla’s latest delivery numbers suggest renewed momentum, analysts will be watching closely to see whether the surge represents sustained growth or a short-term boost tied to expiring incentives.
For Musk, the milestone underscores how closely his personal wealth remains tied to Tesla’s performance — and how quickly market sentiment can shift in the high-stakes EV sector.
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