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The analyst said that the second key reason for Musk's soaring wealth is the strong rebound of Tesla's stock price. Although Tesla's stock price fell from nearly $400 in early 2025 to $220 in April, it has now rebounded strongly to over $485, a 21% increase year to date. Tesla's current market value is $1.63 trillion, and Musk holds over 15% of the shares.
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