Following a significant rise in the valuation of American car manufacturer "Tesla," founder Elon Musk's wealth has officially surpassed a quarter trillion dollars, bringing him closer to becoming the first "trillionaire" in history. On October 25, 2025, Bloomberg reported that the wealth of the founder of "Tesla" and "SpaceX" is currently estimated at $289 billion, which is $50 billion more than the GDP of a European country like Portugal.
This latest increase in his wealth is attributed to a surge in "Tesla" stock following a deal with rental giant "Hertz," which ordered 100,000 of its vehicles in the largest electric car purchase in history, contributing to a $36 billion rise in Musk's fortune within 24 hours. This deal reflected a trading volume of $4.2 billion for Musk, as "Tesla" shares jumped over 12.6% in just one day. Consequently, Musk could soon become the first person whose wealth exceeds a trillion dollars if his businesses continue to perform well.
Additionally, the market value of the electric car industry as a whole has surpassed one trillion dollars following "Hertz's" announcement, making "Tesla" the sixth most valuable company in the world, even ahead of "Facebook."
