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Tesla’s monster rally propels Elon Musk past anti-EV oil baron Charles Koch in net worth
Tesla stock has been on a tear recently, with the company receiving a boost from its stellar second quarter delivery numbers. But even before TSLA shares hit new all-time highs on Thursday’s intraday, the electric car maker’s rise ended up pushing CEO Elon Musk a bit higher up on the Bloomberg Billionaires Index, thanks to his net worth of $53.4B as of Thursday. With this, Musk actually ended up surpassing the net worth of the US’ premier oil baron, Charles Koch, who is listed in the Index with a net worth of $51.5B.
As of Thursday, Musk stands as the 16th richest person in the world. Koch, meanwhile, stands as the 18th on the list. Granted, Musk’s net worth is tied directly to Tesla and SpaceX’s valuation. However, Musk’s rank today does stand as a symbolic victory for the CEO, considering that he and Koch could not be any more different with regards to their stance on the environment.
Charles Koch is the chairman and chief executive of Koch Industries, which is widely considered as the second-largest closely held business in the United States, operating in oil refining, pipelines, commodities trading, ranching, and paper pulp, among others. Charles Koch and his brother, the late David Koch, are regarded as oil barons, and both have been active in promoting the fossil fuel industry.
Musk and the Koch brothers actually bumped heads somewhat back in 2016, following a report from The Huffington Post alleging that the oil barons were funding efforts to strike back against the rising popularity of electric vehicles, one of them being the Tesla Model S. The HuffPost report, citing refining industry sources, noted that a Koch Industries board member and veteran energy lobbyist will be involved in the anti-EV initiative.
Incidentally, the Institute for Energy Research (IER), a firm registered by Charles Koch and energy expert Robert L. Bradley Jr., actually published an attack against the Tesla Powerwall, claiming that the home battery system (which was then at its Gen 1 version then) would take nearly 40 years to pay off. This prompted a response from Tesla, which called the IER report “elementary at best.”
Elon Musk personally responded to The Huffington Post report as well, expressing dismay at the Koch’s anti-EV initiative. In a follow up post, Musk highlighted that the fossil fuel companies, as well as vehicles that run on the internal combustion engine, are actually “heavily subsidized via oil company tax credits,” as well as “unpaid public health costs.”
Tesla stock has risen further on Thursday’s trading, propelled by the company’s positive Q2 report. With this in mind, Elon Musk may very well rise further in the billionaires’ list soon. Interestingly enough, Musk is known to invest most of his wealth on his own company’s projects. Thus, it appears safe to assume that most of the CEO’s fortune today would likely be used to either accelerate Tesla’s mission of ramping sustainable technology, or SpaceX’s mission of making humans multiplanetary.
Elon Musk
Elon Musk hits back at former Tesla employee who disagrees with pay package
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla?
It won’t be me.

Elon Musk gave a tough response to a former Tesla employee who spoke out on X about the structure of the CEO’s pay package, arguing that it is an overpayment and would not generate enough shareholder value.
Without a doubt, the biggest issue on the bill at this year’s Tesla Shareholder Meeting in November is that of the pay package that was proposed to CEO Elon Musk.
As the Shareholder Meeting approaches, Tesla is urging those investors to vote in support of Musk’s pay package. So far, the community has been overwhelmingly supportive of giving Musk his massive payday, which could give him $1 trillion in additional holdings if he completes each of the outlined performance tranches.
However, there are a handful of institutional and individual shareholders who have pushed back against the package, either because of its value or because they feel it does not benefit shareholders enough.
Last week, we reported that Institutional Shareholder Services (ISS) advised voting against Tesla’s pay package for Musk. The firm said the payday would give Musk”extraordinarily high pay opportunities over the next ten years,” and it would “reduce the board’s ability to meaningfully adjust future pay levels.”
Tesla CEO Elon Musk’s $1 trillion pay package hits first adversity from proxy firm
Additionally, it called the value of the pay package “astronomical.”
On Saturday, a former Tesla employee said on X that Tesla’s proposed pay package for Musk would “barely beat inflation and it would underperform the S&P 500 considerably.” Additionally, he said:
“Sorry, Tesla, some of us (and supposedly, ISS too) simply don’t think that underperforming the S&P 500 this much is worth paying somebody 20 billion dollars worth of company value.
As a fan, I love Tesla, I want it to succeed. As a shareholder, I don’t want Tesla to over-pay for its CEO I strongly believe that the 2025 pay package proposal would over-pay for its CEO, and that other competent CEOs could grow Tesla just as much with way less political drama and cost investors much less that this proposal.”
Musk responded bluntly:
“Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.”
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla?
It won’t be me.
— Elon Musk (@elonmusk) October 19, 2025
It seems the worry about Musk’s potential involvement in politics still looms to many, based on the responses to Musk’s post, which frequently mention that as a downside of his last year as Tesla CEO. However, Tesla’s Board confronted that directly.
In its proxy filing after announcing the pay package, Tesla said that it had three commitments, one of which was that the company would “receive assurances that Musk’s involvement with the political sphere would wind down in a timely manner.”
Tesla Board takes firm stance on Elon Musk’s political involvement in pay package proxy
Musk’s previous pay package was approved by shareholders twice, but it never made it to the CEO because of a lawsuit with the Delaware Chancery Court brought forth by a small-time shareholder.
The response from Musk does seem to show that if this time is no different, he will inevitably step down as CEO in the coming years.
News
Tesla rivals are lagging behind alarmingly in this crucial EV necessity

Tesla rivals are lagging behind the company in alarming fashion in this crucial EV necessity: charging.
Tesla has had a long-standing reputation for having the most expansive electric vehicle charging infrastructure, and even as other companies have launched their own as part of the vehicle manufacturing, nobody seems to keep pace with the EV leader.
A report from Paren exhibited this trend in Q3, showing that Tesla overwhelmingly dominated EV charging stall installations over the past three months. This data is based on U.S. installations, where Tesla has long held a dominating position as the leader in overall electric vehicle sales for many years.
In Q3, Tesla installed 1,820 new chargers in the United States, bringing its total presence to 34,328, an all-time market share of 53.2 percent of all charging stalls in the country.
What’s alarming is the fact that all other networks — ChargePoint, Red E, Electrify America, EV Connect, EVgo, Ionna, Blink, Pilot Flying J, and Rivian Adventure — only installed 841 chargers collectively in Q3. That is nearly 1,000 units behind Tesla, despite there being nine companies contributing as competitors.
These nine networks have 10,055 stalls in total, the data from Paren shows, accounting for 15.6 percent of the chargers in the United States.
Tesla added more Superchargers in the US in Q3 than the next nine networks combined. pic.twitter.com/zihhezI6a6
— Sawyer Merritt (@SawyerMerritt) October 20, 2025
EV charging is such a crucial part of the ownership experience, and also a part of the ongoing expansion of EV adoption in the United States.
As more people buy EVs and they become a more prominent form of passenger transportation, more chargers are needed. Many owners charge at home, but charging options in public are important to have for traveling, commuting, and for those who do not have access to residential charging.
With Tesla opening its Supercharger Network to the majority of EV brands over the past two years, things have gotten better.
It has been alarming to see so many companies involved in EV infrastructure essentially accept the gap between Tesla and themselves; not a single company has tried to up its pace to catch up to what Tesla has.
When it comes down to it, as long as there is charging, the manufacturer does not truly matter.
However, it would be nice to see Tesla have some competition in the space, but with its domination and head start in the infrastructure division, it seems the company will have this competitive advantage for years to come.
News
Tesla updates fans on its plans for the Roadster
Earlier in 2025, Musk said Tesla would host the “most epic demo” for the Roadster in late 2025. We’re in Q4, so time is running out, but we finally got the update we’ve been waiting for from von Holzhausen on the Ride the Lightning podcast yesterday.

Tesla has finally updated fans on its plans for the Roadster after stating earlier this year it would host the “most epic demo,” showcasing the vehicle’s capabilities.
The Roadster is amongst the most highly anticipated automotive releases in the entire industry, and was set for release in 2020 initially. However, Tesla got so caught up with scaling up the Model Y and focusing on autonomy that the project took a figurative backseat.
In the years since its planned release, we have not seen much of the vehicle. Company executives like Elon Musk and Chief Designer Franz von Holzhausen have hinted at things about it and teased us with potential release dates, but each time, it has been delayed.
Last year, Tesla planned to show something, but Musk saw what improvements had been made from the original design unveiled back in 2017 and figured the company could go a step further, only delaying the project another year.
But what’s another year, right?
Earlier in 2025, Musk said Tesla would host the “most epic demo” for the Roadster in late 2025. We’re in Q4, so time is running out, but we finally got the update we’ve been waiting for from von Holzhausen on the Ride the Lightning podcast yesterday.
Confirming the demo was still on for this year, he also teased some new features that the Roadster will have, like new paint options.
Von Holzhausen said:
“I’m excited to showcase the Roadster for a lot of different reasons. The wait will be worth it.”
Additionally, he said the capabilities of the Roadster are truly something, and they have gotten the vehicle to a point that it seems to test the “limits of physics.” Franz added that Tesla has “really gotten to a point where we are going to be achieving that standard that we set out.”
Obviously, the Roadster is not a major contributor to Tesla’s mission or to its future, which mostly leans on artificial intelligence and Robotaxi or autonomy. However, it is still a product that Tesla needs to offer, as many have put massive $250,000 downpayments on the vehicle in an attempt to purchase one.
Tesla has not yet announced a date for its demo of the Roadster, but based on Franz’s interview, it seems the company is still on track to hold that by the end of the year.
The full episode with Franz von Holzhausen on the Ride the Lightning podcast is available here.
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