Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status.
Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the Forbes billionaires list.
Musk owns 12% of Tesla, which is worth more than $1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.
For some weird reason it hasn’t affected the Tesla stock much?
FSD is now a proven fiasco, together with obvious declining sales. But now people are buying the next big thing which is supposed to be his amateur robots and AI.
Both areas where Tesla is even further behind than they are on FSD. But some people still refuse to believe Tesla is behind on FSD, despite the evidence is clear that they are.
It’s all build on a scam, and a lot of people are still buying it.
Elon Musk is not a genius at technology or business, he is just a genius scammer.
People are buying only because it’s a growth stock. Eventually enough people will get nervous and cause a stampede. Lots of owners are going to left holding the bag, an empty bag.
Maybe, but that’s a really bad way to trade stock.