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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsELON MUSK IS NOW WORTH OVER A QUARTER TRILLION DOLLARS
As if being a billionaire wasnt enough, Tesla CEO Elon Musk is gunning to seize the title of worlds first-ever trillionaire.
The CEOs net worth has now officially grown past a quarter trillion dollars, Bloomberg reports, leaving the second richest person in the world, Amazon founder Jeff Bezos, in the dust.
Its an obscene amount of wealth for a single human being and it may mean that its only a matter of time before Musks net worth hits 13 digits.
Snip
https://futurism.com/the-byte/elon-musk-quarter-trillion-dollars
Lunabell
(6,078 posts)Smh
USALiberal
(10,877 posts)Lunabell
(6,078 posts)SoCalDavidS
(9,998 posts)I bet all the minimum wage earning, paycheck to paycheck, Faux News viewers, really look up to him, as someone they can aspire to be.
secondwind
(16,903 posts)children in northern Colombia are dying of thirst and hunger.
LiberalArkie
(15,715 posts)Polybius
(15,385 posts)But I get your point.
Walleye
(31,015 posts)We should do him a favor and relieve him of some of that obscene amount of money
brooklynite
(94,503 posts)Have you discussed it with him?
Walleye
(31,015 posts)Ron Obvious
(6,261 posts)It's funny that way.
Johnny2X2X
(19,049 posts)When the company is worth more his wealth increases. Whats he supposed to do? Run Tesla poorly?
brooklynite
(94,503 posts)...that I'm massively overweighted in a single stock, which might be an unstable investment.
I bought Apple stock about 25 years ago at an effective price of 25c a share. Should I sell it so I don't have as much?
Celerity
(43,330 posts)brush
(53,769 posts)And it's no like he's got that stashed in cash somewhere.
Celerity
(43,330 posts)has already went to 2.5 times Telsa's current market cap a couple months back) Musk will be sitting at or over $800 billion, and Tesla is hardly his sole source of wealth. He is constantly expanding both horizontally and vertically. The space arena is going to just EXPLODE from now until he dies, as will the eclectic vehicle/battery market.
brush
(53,769 posts)brings them wealth. It's the winger a-holes who inherit wealth and act like they did something who irk me no end...see DJT.
Tree-Hugger
(3,370 posts)questionseverything
(9,651 posts)TexasTowelie
(112,128 posts)madville
(7,408 posts)Guess their new investors are bringing a lot to the table.
BannonsLiver
(16,370 posts)Casady1
(2,133 posts)Is a veteran of the auto industry. It is only a matter of time before the big car companies put a real dent into tesla. He thinks one year out and they will do significant damage. Dealerships owners are very powerful at the state level. My money is on VW.
OrlandoDem2
(2,065 posts)VW is going to come on strong in the electric market.
Casady1
(2,133 posts)manufacturing companies with facilities and the dealer network and that matters when things get big.
Shermann
(7,412 posts)It is absolutely not a given that these lumbering behemoths with all their legacy baggage will catch the nimble Tesla.
Tesla is moving with as much of a purpose as ever.
Casady1
(2,133 posts)and the dealer network and that really matters. They don't have to build facilities., If you really look into Tesla the bodies are pretty shitty with shitty paint jobs.
Shermann
(7,412 posts)Shitty bodies my ass, they are way ahead with the right partners.
So Detroit has the retail brick and mortar "ace in the hole". We'll see how that hand holds up.
Casady1
(2,133 posts)Are the two biggest car manufacturers in the world. Do you think they know just a bit about manufacturing. Toyota has been the best built car for the last 40 years. These companies are huge and worldwide. Their facilities are built and the dealer network is really important when you get big.
Shermann
(7,412 posts)...but I wouldn't put my money on it.
brooklynite
(94,503 posts)Celerity
(43,330 posts)PetroChina, The first company to ever reach $1 trillion in market value was in China and got crushed
https://www.cnbc.com/2018/08/02/petrochina-did-not-fare-well-after-reaching-1-trillion-in-market-cap.html
Shermann
(7,412 posts)Rocket ships too. Honesty I don't get the disdain for the man from the left. You'd think he's the NRA's president.
Celerity
(43,330 posts)Last edited Mon Oct 25, 2021, 08:27 PM - Edit history (1)
a net overall big Dem booster in terms of his support of the two parties.
https://en.wikipedia.org/wiki/Views_of_Elon_Musk
Politically, Musk has described himself as "half Democrat, half Republican" and "I'm somewhere in the middle, socially liberal and fiscally conservative." In 2018, he stated that he was "not a conservative. I'm registered independent [and] politically moderate." Prompted by the emergence of artificial intelligence, Musk has voiced support for a universal basic income; he additionally backs direct democracy and has stated he thinks the government on Mars will be a direct democracy. He has described himself as a "socialist", but "not the kind that shifts resources from most productive to least productive, pretending to do good, while actually causing harm"arguing instead, "true socialism seeks greatest good for all." He supports targeting an inclusive tax rate of 40%, prefers consumption taxes to income taxes, and supports the estate tax, as the "probability of progeny being equally excellent at capital allocation is not high."
In an interview with The Washington Post, Musk stated he was a "significant (though not top-tier) donor to Democrats," but that he also gives heavily to Republicans. Musk further stated that political contributions are a requirement in order to have a voice in the United States government. A 2012 report from the Sunlight Foundation, a nonpartisan group that tracks government spending, found that since 2002, SpaceX had spent more than $4 million on lobbying the United States Congress and more than $800,000 in political contributions to Democrats and Republicans. As for Musk specifically, the same report said that "SpaceX's campaign to win political support has been systematic and sophisticated," and that "unlike most tech-startups, SpaceX has maintained a significant lobbying presence in Washington almost since day 1." and that "Musk himself has donated roughly $725,000 to various campaigns since 2002. In 2004, he contributed $2,000 to President George W. Bush's reelection campaign, maxing out (over $100,000) to Barack Obama's reelection campaign and donated $5,000 to Republican Sen. Marco Rubio, who represents Florida, a state critical to the space industry. [...] All told, Musk and SpaceX gave out roughly $250,000 in the 2012 election cycle."
Musk has described the United States as "[inarguably] the greatest country that has ever existed on Earth," describing it as "the greatest force for good of any country that's ever been." Musk believes democracy would not exist any longer if not for the United States, saying that it prevented this disappearance on three occasions through its participation in World War I, World War II, and the Cold War. Musk also stated that he thinks "it would be a mistake to say the United States is perfect, it certainly is not. There have been many foolish things the United States has done and bad things the United States has done."
In September 2021, in response to Texas Governor Greg Abbott saying that Musk supported Texas' "social policies", Musk tweeted "In general, I believe government should rarely impose its will upon the people, and, when doing so, should aspire to maximize their cumulative happiness" and "That said, I would prefer to stay out of politics".
Walleye
(31,015 posts)Celerity
(43,330 posts)Walleye
(31,015 posts)Celerity
(43,330 posts)There is no magic bullet, unfortunately.
Walleye
(31,015 posts)Walleye
(31,015 posts)I kind of took it personally since in this state we know our politicians pretty well. Several of them have been very nice to me on occasions
LiberalArkie
(15,715 posts)ULA and NASA had never thought of doing that.
Walleye
(31,015 posts)LunaSea
(2,893 posts)Reusable designs go back decades. Reams of paper studies nobody would put up the funding for outlined the possibilities and technology requirements.
Corgigal
(9,291 posts)hes creepy. Stay away from my pretty daughters.
joetheman
(1,450 posts)Tanuki
(14,918 posts)the poorest person on earth can.
Coventina
(27,101 posts)He'll be dead just like the rest of us in a few decades, so what's the point?!?!?!
brooklynite
(94,503 posts)Do you have evidence that points to that?
He's a successful businessman. Nobody's required to do business with him.
Coventina
(27,101 posts)Or giving it away!
By not doing those things, the conclusion is that he WANTS MORE MONEY!!
brooklynite
(94,503 posts)...it's up to the President and Congress (both Democratic) to change that equation.
Celerity
(43,330 posts)Coventina
(27,101 posts)To say his hands are tied to do more is disingenuous.
brooklynite
(94,503 posts)Coventina
(27,101 posts)Polybius
(15,385 posts)I hate tax cheats more than anyone, but paying more than he's supposed to would make him foolish. If he wants to do something productive, he should give some to his charity of choice (not saying he doesn't do so already).
USALiberal
(10,877 posts)Coventina
(27,101 posts)USALiberal
(10,877 posts)Coventina
(27,101 posts)Elessar Zappa
(13,964 posts)No one should have as much money as him. Its disgraceful.
USALiberal
(10,877 posts)Coventina
(27,101 posts)USALiberal
(10,877 posts)Coventina
(27,101 posts)Wish more so-called "progressives" would join us.....
Response to LiberalArkie (Original post)
brooklynite This message was self-deleted by its author.
brooklynite
(94,503 posts)Coventina
(27,101 posts)brooklynite
(94,503 posts)...and their Government entities on the planet.
Coventina
(27,101 posts)I was merely pointing out that he has none of mine.
USALiberal
(10,877 posts)Coventina
(27,101 posts)fescuerescue
(4,448 posts)than any other human in history.
We ask...just think of all the good he could do with that money.
I would say he's doing it.
Shermann
(7,412 posts)How would you even measure the impact?
Musk moved the needle on the EV conversation which hadn't moved in 20 years. That's underselling his impact really, EV's are starting to look inevitable. He deserves props for that, if he accomplishes nothing else in his life.
It's OK for him to be an independent and not a Democrat. However, with his power and influence it is fair game to look at the totality of what he does and decide whether it is a force for good or not. I think he clearly passes that test.