Tesla stock hits a new high! Model Q will debut next year, making Musk the first person in history with a net worth exceeding $400 billion.

TSL founder Musk's wealth has recently risen sharply to 447 billion US dollars, firmly securing the position of the world's richest person, benefiting from the rise in TSL stock prices and SpaceX stock transactions. The exposure of the new entry-level electric car project 'Model Q' has further boosted market confidence. (Background: TSL 'five-day big pump 40%' bearish traders suffered losses, Musk's wealth surged by 70 billion US dollars, firmly securing the position of the richest person) Musk's wealth has recently benefited from the market confidence rebound after Trump was elected as the U.S. president, as well as the completion of SpaceX stock transactions, once again experiencing a significant rise, firmly securing the position of the world's richest person. According to the Bloomberg Billionaires Index, his net worth has recently increased by about 50 billion US dollars, reaching 447 billion US dollars (about 14.3 trillion New Taiwan dollars). Stock prices hit a new high, Model Q project exposure TSL (TSLA.O) stock prices recently broke through the historical high of 424.49 US dollars in November 2021, with a daily increase of about 5.93%. This stock price surge is speculated to be closely related to the company's new electric car project. TSL's senior management revealed at an investor conference that the company plans to launch an entry-level electric car that is more affordable than the Model 3, tentatively named 'Model Q.' According to foreign media reports, the length of the car model is shortened to below 4 meters, the weight is reduced by 30%, and the cruising range can reach 500 kilometers, with a possible price below 30,000 US dollars (about 930,000 New Taiwan dollars). Model Q is expected to debut in the first half of 2025 and will focus on the affordable market, helping TSL further expand its market share. However, the ideal prospects also come with challenges. The newly elected U.S. President Trump plans to cancel the maximum 7,500 US dollar electric vehicle tax subsidy. If this policy is implemented, it may put pressure on the pricing strategy and market competitiveness of Model Q, and even affect the development pattern of the entire U.S. electric vehicle market. Source: 8891 SpaceX, the world's most valuable startup Another aspect, SpaceX completed an internal stock transaction worth 1.25 billion US dollars on Wednesday, bringing the company's valuation to 350 billion US dollars, firmly securing its leading position as the world's leading private startup company. The market is full of confidence in SpaceX's commercial potential in satellite communication and space exploration, and its high valuation further reflects the company's future growth space.