What Is Elon Musk's Net Worth After Tesla's Solar Factory News?

Elon Musk is worth $890.7 billion, according to Forbes' real-time billionaires data, down about $12.7 billion today. Two new reports about Tesla came out as the figure moved: one on a planned solar factory and one on a regulatory settlement fund.

What is Tesla's $10 billion solar factory?

Tesla has started work on a $10 billion solar factory, Billionaires.Africa reported. The outlet did not give further details in its headline, such as the plant's location or timeline.

What is the SEC doing about the Musk and Tesla settlement fund?

The US Securities and Exchange Commission is seeking to close a settlement fund tied to Elon Musk and Tesla, The Economic Times reported. The report describes the regulator's request. It does not say the matter has been resolved.

How much is Elon Musk worth now?

Elon Musk's net worth is $890.7 billion, which ranks him No. 1 on the billionaires list. His live figure is down roughly $12.7 billion today. Neither report gives a reason for that move.

Where does Elon Musk's fortune come from?

Elon Musk's wealth comes mainly from two companies:

• Tesla, the company behind both of the latest reports
• SpaceX, his other main source of wealth

Musk is based in the United States, and his fortune is classed under the technology industry.