SpaceX surpasses Tesla as Musk's most valuable asset

Elon Musk's wealth has shifted dramatically as Tesla’s stock price falls. For years, Tesla was the largest part of his fortune, but that is changing. After reaching a market peak of $1.5 trillion, Tesla shares have lost 50% of their value since January 21. The decline started after Tesla reported disappointing delivery numbers and Musk took on a new role in the Trump administration, leading to concerns about his focus on Tesla. In January, Tesla reported just a 1% increase in revenue for 2024 and a drop in net income for the second consecutive year. Sales of Tesla cars have also dropped in major markets like Germany, China, and Australia. Protests against Tesla and Musk are happening at dealerships across the US. Meanwhile, Musk is appealing a court ruling that voided a significant pay package from 2018, casting more uncertainty over his financial situation. With Tesla’s stock in decline, SpaceX has become Musk’s most valuable asset. His 42% stake in SpaceX is now estimated to be worth about $147 billion. This is nearly $20 billion more than the value of his Tesla shares. Despite the challenges, Musk remains optimistic about Tesla's future and claims the company will "be fine long-term." He still maintains a net worth of approximately $329 billion, making him the richest person in the world.