Rising Executive Security Costs Reflect Broader Threat Concerns<\/p>\n
Security spending for Elon Musk, who is also CEO of SpaceX and xAI, more than doubled through February, rising to $1.3 million from $500,000 during the same period a year earlier.<\/p>\n
These figures do not represent the total cost of Musk\u2019s security, as his other companies also contribute to managing the risks associated with his high profile.<\/p>\n
Last year, responding to a post, Musk said on X that he “definitely need[s] to enhance security.”<\/p>\n
Musk Security Spend Still Trails Zuckerberg Costs<\/p>\n
In April, Musk\u2019s net worth\u00a0crossed $300 billion, making him the richest person in the world<\/a>, despite a $35 billion decline in his fortune due to a revised estimate of his SpaceX stake.<\/p>\n Musk is also currently involved in a legal dispute<\/a> with Altman and OpenAI.<\/p>\n Trading Metrics<\/p>\n Tesla has a market capitalization of $1.22 trillion, with a 52-week high of $498.83 and a 52-week low of $244.43.<\/p>\n TSLA has dropped 10.79% year to date.<\/p>\n Price Action:\u00a0Tesla closed on Friday at $390.82, up 2.41%, according to Benzinga Pro.<\/p>\n Benzinga’s Edge Stock Rankings\u00a0indicate that TSLA stock has a negative price trend<\/a> across all time frames.<\/p>\n Photo Courtesy: Shutterstock<\/p>\n Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/p>\n