Tesla Stock Soars to $515 by Year-End, Musk's Net Worth Tops $500B
Tesla's stock continues to show strength, with options data predicting a range of $339 to $515 by the end of 2023. Elon Musk's net worth has surged past $500 billion, leaving his nearest competitor, Larry Ellison, far behind.
Tesla's stock has been on a rollercoaster ride this year, but it's currently up around 100% from its April low. Despite some cautious analyst expectations, Elon Musk has shown confidence, investing heavily in Tesla shares and driving a significant rally in September 2025. The expected move in Tesla stock through October 10 is 5.1%, with a range of $407 to $451.
Tesla recently delivered 497,100 vehicles in the third quarter, beating Wall Street forecasts and even surpassing Q2 deliveries. However, Wall Street firms maintain a consensus rating of 'Hold' on Tesla stock, with a mean target of roughly $332, suggesting a potential 25% decline.
Tesla's stock momentum is expected to continue through the end of 2023, with a broad range of about $339 to $515. Elon Musk's net worth has reached an unprecedented $500 billion, far ahead of his nearest competitor. Despite some cautious analyst views, Tesla's strong Q3 deliveries and Musk's confidence in the stock indicate a resilient outlook.
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