Elon Musk Has Gained More In 2023 Wealth Than Warren Buffett Is Worth
Portfolio Pulse from Chris Katje
Tesla Inc's (NASDAQ:TSLA) shares have rebounded in 2023, adding almost $119 billion to CEO Elon Musk's wealth. This is more than the net worth of Berkshire Hathaway Inc's (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett, who is worth $116 billion. Tesla shares are up 174% year-to-date in 2023. Meanwhile, Berkshire Hathaway shares are up 11% in 2023, trailing Tesla and the SPDR S&P 500 ETF (NYSE:SPY), which is up 20% year-to-date in 2023.
July 19, 2023 | 6:09 pm
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POSITIVE IMPACT
Berkshire Hathaway's shares are up 11% in 2023, trailing Tesla and the SPDR S&P 500 ETF.
Berkshire Hathaway's stock performance is positive in 2023, but it's trailing behind Tesla and the SPDR S&P 500 ETF. This suggests that while the stock is performing well, it may not be outperforming the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF is up 20% year-to-date in 2023.
The SPDR S&P 500 ETF's performance is strong in 2023, outperforming Berkshire Hathaway but trailing Tesla. This suggests that the ETF is likely to continue performing well in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Tesla's stock rebound in 2023 has significantly increased Elon Musk's wealth. The stock is up 174% year-to-date.
The surge in Tesla's stock price has directly contributed to the increase in Elon Musk's wealth. Given the significant year-to-date increase, it's likely that the stock will continue to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100