that the Tesla CEO has added more than $100 billion to his net worth in 2020, propelling him from the 35th spot on the Billionaires Index up to No. 2.. Instead of drawing a salary, he has been compensated in stock based on the company's performance — a decision that has paid off handsomely for him so far. Tesla stock has repeatedly defied skeptics and pushed to stratospheric heights.Tesla Stock Is Soaring. It's Controversial.
After some production challenges, Tesla has massively scaled up its output of electric cars, which have proved popular — the Model 3 is the best-selling luxury car in America. And Wall Street is feeling very optimistic about the future of electric vehicles and clean energy as companies and governments around the world propose increasingly meaningful actions to tackle climate change.
Tesla stock also received a bump from the news that the S&P 500 would be adding the company to its influential index. And the stock market as a whole
And still a gigantic douchebag. 🤷♂️🤷♂️🤷♂️
Good for Elon. Bad for all investors who rely on fundamentals and future prospects. On any measure, even taking into account future earnings for the next 10yrs, TSLA is worth much less than where it is trading at. Makes me wonder of trading fraud. I am short, hence the concern.
elonmusk now would be a good time to step up as leader if you’re gonna... and end this insanity by the ruling class. Also, not even joking, but I’d like a seat on the first flight to mars you’ve got, to get off this rock. Once and for all.
Wealth tax please.
I get so depressed at some of the people who have such vast resources... What a tipsy-turvy world we have created
It should literally be illegal to have more than $1 billion. You could 'squander' $10 million a year, every year, for 100 years with that money and nobody needs that much money. Wealth beyond that is selfish, destructive to humanity and evil.
Visionary innovative Tesla
Who is the FIRST?
Maybe elonmusk could do some good in the world with his billions instead of acting like a selfish shit so often. (And I’m a Tesla shareholder)
Maybe he can get me a few new pieces of furniture for my kindergarten classroom! Put that money in the path of those who teach tomorrow’s future leaders.
Watching this madness for years. Maybe Tesla makes big money in the future but Tesla's TOTAL profits from 2009 to today (11 years) barely edge $1 billion. Microsoft? They make that EVERY SINGLE MONTH. Bizarro land.
But Fk the employees health.
EatTheRich
Money sure doesn’t buy class.
Bill who?
Yet millions around the world go to bed hungry.
Can we take him out next?
jealous
I bet he’ll be leaving the US soon when he’s taxed to hell and back.
Early 2000s: 'ElEcTrIC CaRs WiLl NeVeR bE MarKeTaBLe' 2020: turns out they were.
eat gold plated shit, GATES
He lied about the seriousness of this virus and made 100 billion while people were dying. Cool.
Whatever we do, we cannot tax him. We need billionaires. They make the world go round.
The average NPR reader has no clue that 95% of that wealth is contained within the value of the company. It isn't just money sitting in a bank somewhere. If liberals confiscated his wealth, the company would come crashing down and put thousands out of work.
KQEDnews This must end.
Well that is great! I hope he buy lots of happiness with it....or raise the salary of his employees.
he has earned every penny
Ok cool. But who has the biggest rocket? 🙄🙄🙄 JeffBezos elonmusk
Not his fault. People just keep giving him their money...
Now HE can afford a ps5..
nasa should keep giving tax payer billions $$ to space x
Repeal the GOPTaxScam
He is a douche
On MarketPlace (.org, NPR) last week, they said 70 - 80% of the NYSE & NASDAQ volume is algorithic - automatic trades triggered by computer programs. That's enough to sway the mkt. When a stock like Tesla rises to a P/E 1,000, is that investor sentiment or market manipulation?
And we're supposed to give af?
Just wonder what kinda Tax incentives he got to build a plant in central Texas..all that money in his pocket
wait until the vaccine
'Elon Musk earned more than $2 billion in 2019, while his company Tesla lost $862 million (and received far more in subsidies from state and federal governments than it paid in taxes).' (via
Bubble, Bubble, Bubble........
To be fair, he didn’t make a penny from Tesla until the company met profit goals. I’m not generally for individuals being billionaires, but Elon is exceptional with his actions and investments in the future.
He's been grinding for years, and has earned his success largely through work ethic and risk tolerance. I just wish he wasn't such a cowboy when it comes to COVID. Failed startups don't kill people; bad advice during a pandemic does.
Too bad he is creepy, has self esteem issues and is a bully.
Great news for humanity!
And he's still a miserable person
elonmusk eeeeeeelllllllllloooooooonnnnnnn. Let me borrow a dollar dude.
It is amazing to me that anyone would want this distinction. To have more money than you could ever spend in too many lifetimes to count, while so many suffer...is nothing to be proud of.
Space-Karen
Tax them all.
Go, Number 2! (I'm so sorry... I'll be on my way)
Billionaire autocrats with enormous power are our age's Rockefeller and JP Morgan. Many traits about these barons were admired if not imitated. Once u have a billionaire and it goes on like a machine toward a trillion there is no turning back. Musk will be remembered like them.
Maybe so, but Bill Gates has done so much good in the world with his billions. Elon Must just keeps getting richer and more obnoxious.
Disgusting.
And yet he still treats his workers like shit, same as Bezos.
Buy Tesla Shares here: finance MoneywebNews StocksToWatch stocks. 🤘👌😎
All this is speculative wealth. Let's see what happens if he actually turns a profit.
who's first?
Gross.
I can foresee a world where Ivanka dumps Jared and tries to hook up with Musk...
More good news please(((
Whatev. Who's the better person? Bill Gates, for all his flaws, (because who wants to throw the first stone?) is a first-class philanthropist, BillandMelindaGatesFoundation has done many good works.
The rest of America....
it's fine to be successful (even dramatically so). It's not fine to have a system that fosters this sort of gross inequality, however.
A truly brilliant man, who very few people would want to work for.
Nbd, just endgame capitalism things 😀👍🏼
How can he fail up so much
People are dying, starving, on the verge of homelessness, and on the verge of complete financial ruination. Forgive me if I can’t find any fucks left to give.
anyone that can sit on that much $ as other humans are starving and homeless, creating such a massive discrepancy in wealth distribution in society that we can’t function, is kind of a demon.
Sounds like a trivial competition where coming third is still an awesome problem. :)
Who. F*cking. Cares.
Musk is an idiot tho
Boooooooooooooooooooo! Fuck spacekaren.
Why?
in covid many millions are out of a home to the streets or living paycheck to paycheck.
So he is rich because the stock prices are going up because he is rich. Hmmm.
Gross on so many levels.
How is Tesla worth more than all the other auto manufacturers in the world combined? This is insane!
And just last week we were talking about how many people were in line for food in Texas. Is this American exceptionalism?
Meanwhile, there’s lines miles deep for food banks in every city in the country.
And yet, he loves pretending he is a progressive, whilst wearing the garb of a n*zi.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TMZ - 🏆 379. / 59 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »