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.
A more fitting photo
The system is so broken
The system is so broken
It’s working exactly as intended
Not broken, but the wrong system.
The system is doing exactly what it’s supposed to
Imagine if 99% of his net worth were redistributed to the people who need it most and reivested in the economy. And even then, that asshole would still have $5 billion left over.
Almost all of that money is imaginary. Look at Tesla’s $1.5T “worth”. If you liquidated the company down to the staplers and pens, you’re probably only going to get a few billion.
If we’re saying that $1.5T represents current assets and future growth, yikes. Tesla ain’t doing so hot and I hardly expect them to turn it around with this genius at the top. The stock price merely reflects people buying because people are buying. Nothing attracts a crowd like a crowd! Someday that stock is going to crater.
Anyway, same goes for Musk. He can turn but a fraction of that net worth into cash. Imagine if he started selling Tesla stock. First off, the market would panic seeing the CEO dumping his own stock, the price would plummet, instantly. Even if word didn’t get out, the market would still be flooded, driving the price into the ground.
CAVEAT: None of this considers the value of SpaceX. 🤷🏻
$1.5t is the market cap which is simply stock price x # of shares. It has no direct correlation to the assets of the company or the amount of profit it makes. People misunderstand market cap and what it means all the time.
What happened with Tesla enduring mass boycots and losses due to Tittler’s involvement with Agent Orange? 😔
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.
I’ve maintained that the stock market divorced itself from reality a long time ago. As of making this comment by market cap Toyota, BYD, Ferrari, Mercedes-Benz, BMW, GM, Volkswagen, Ford, and Porsche COMBINED are worth $100 billion less than HALF of Tesla. Is there anyone out there that would choose a minority stake in Tesla vs owning 9 of the biggest auto manufacturers on the planet outright?
Point being I don’t see stock valuation as a measure of how successful companies are. How high were stocks in the dot com boom? In 2008?
The majority of investors now are “retail investors”. Just regular people on apps like Robinhood. These people are investing in memes or making political statements.
I’m not trying to start a fight with you on this but by what metric do you measure that? To my knowledge institutional trading outpaces retail in terms of total dollars invested, number of trades, and total valuation (as in the total market value of the retail traders is more than the net worth of retail investors)
I can’t find the source. I’m recalling a recent episode of TBOY podcast that talked about this. They cite their sources, but I’m not sure which episode it was. So, yeah without actual sources feel free to ignore what I said.
TSLA is heavily manipulated. Insiders have liquidated something like 100M in stock this year. They’re dead it just takes time, they don’t have a market for any vehicles anymore, the CT was a boondoggle, they have no new tech and are behind in every category now.
Nissan is still operating, give it some time, people will continue to dump TSLA and Elon can’t liquidate more than a couple billion in a year without tanking the price.
The worst Tesla does, the higher its stock goes.
Boycotts don’t work.
Did you miss the whole Jimmy Kimmel thing? Disney cancelled him so people started cancelling their Disney subscriptions. Suddenly they reconsidered.
Boycotts don’t always work, sure, but sometimes they do and that’s enough to prove that they’re worth trying in the first place.
Sorry, the vast majority fail.
And yet he’s still a miserable little loser
you misspelled cunt.
This is a recession indicator
All that money and he still can’t buy a friend.
He might own that much, but he is definitely not worth it.
My math may be off, but, I’m good at my job and I make 1.78E-7 less money than this douche nozzle, who is terrible at everything, and slowly destroys all his companies.
In case you needed more proof that this system does not reward hard work.
Grind Elon Into a Fine Paste 2025
What’s that neck choppy thing called? Feels like it had a purpose once.
There’s a newer faster model. It travels fast and you can use it long distance. It was used recently on a real piece of shit.
Fantastic! I’m so glad the cure for fascism is in a pill, and has a handy applicator!
Get leadpilled as the kids would say.
Still one of the most worthless people on the planet
There’s a reason why Dragons hording gold isn’t a good thing in fantasy. An economy works when there’s flow. The musks of the world are stunting it.
K. Then can he go ahead and fix universal healthcare and fix world hunger?
It would make him a superhero. And people wouldn’t think he was such a raging douche nozzle.
With what money? The vast majority of his “wealth” is imaginary. When Tesla investors, who know damned well they’re riding a bubble, finally decide they’ve made enough money, risked it long enough and it’s time to bail, the bubble pops.
Not saying that because the man is a raging douche nozzle, it’s simply reality.
Gross
