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@TheAllMemeingEye Forbes has Elon's net worth around $50 billion higher than Bloomberg, so be careful!
@TimothyJohnson5c16 quick question from a layperson perspective: why is musk rapidly becoming richer and richer? hasn't he severely alienated both the left and right wing? who is driving the surge in demand for teslas that could be leading to such explosive growth in wealth, rather than the crash one would expect?
@TheAllMemeingEye Tesla is actually not even his largest holding; his stake in SpaceX is worth more.
There's a breakdown here from a few months ago: https://cointelegraph.com/learn/articles/elon-musks-net-worth-breakdown
@TheAllMemeingEye And it's true that Tesla sales are not looking so great lately, but that doesn't seem to have hurt the stock.
Elon's supporters expect Tesla to rake in profits from many other sources - Robotaxi, Optimus robots, solar power systems, etc.
Personally, I think they're delusional. I've been expecting Tesla stock to crash for a few years ago, but I think now that his fans will prop it up for a while longer.
@TheAllMemeingEye I know that the following will be viewed as delusional. But just putting it here so that it can be referenced in a few months and my SpaceX predictions for 2026 and 2028.
Oct 2 will be the Q3 volume number for tesla (how many cars they delivered and how many GWH of energy). It will likely be an all time high in production for both cars and energy. Tesla robotaxi approved in Texas, California and Nevada. FSD 14 coming out this month with 10x the parameters. Model YL orders going great in China. Cybercab production coming dec or Q1 2026. Those things and the robotaxi without safety driver and safety monitors at 1 million vehicle by the end of next year will 3-6X Tesla by the end of 2026.
SpaceX will go to about $2 trillion by the end of 2026 from $400 billion now. XAI could be a $1-2 trillion or more next year.
Elon will get voted the 2025 comp package (november meeting) and restoration of his 2018 pay package or the alternative package for 50% of it (a few months for delaware supreme court). Elon will be getting back to 25-28% of Tesla up from 13%. 2018 pay package restore puts him back to 20%. In 2026, he could be at $3 trillion and his Tesla net worth gains would be his third largest source even if Tesla almost triples to $3 trillion (more from SpaceX and from X). SpaceX will be about $10 trillion by around 2028. $150 billion from high speed internet for over 150 million customers and $30/month phone service for over 1 billion for another 150 billion.
Looks like Bernard is #1 for now. https://fortune.com/2024/01/29/elon-musk-tesla-richest-person-world-lvmh-bernard-arnault/