Elon Musk expected to be world’s richest person again

Tesla’s Elon Musk expected to become the world’s richest person again

Image credit - Getty Images

Elon Musk's net worth has risen steeply and is close to overtaking Bernard Arnault as the world's richest person.

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Elon Musk's net worth is tied heavily to TSLA stock, which has seen a recent rally.

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Arnault is the CEO of LVMH Moet Hennessy Louis Vuitton.

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Elon Musk's net worth has surged by $45 billion in 2023.

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In 2022, Tesla stock dropped 65%, leading to a decrease in Elon Musk's net worth.

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Arnault overtook Elon Musk as the world's richest person in December 2022.

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Tesla shares saw a boost after the company lowered vehicle prices and reported better-than-expected results.

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The upcoming Investor Day event on March 1 is expected to bring more positive news for Tesla.

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The event will include discussions on Master Plan Part 3, which focuses on Tesla's growth.

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The demand for Tesla products is currently healthy, as noted during the Q4 and FY 2022 earnings call.

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