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Elon Musk becomes world's richest memelord

EviLore

Expansive Ellipses
Staff Member
May 30, 2004
28,625
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2,475




"
  • Musk’s fortune soared by more than $150 billion in past year
  • Amazon founder Jeff Bezos has held top spot since October 2017


Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.

A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.


The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Bezos would still hold a wide lead over Musk had it not been for his divorce, which saw him cede about a quarter of his Amazon stake to his ex-wife, MacKenzie Scott, and his philanthropy. He donated shares worth about $680 million in November.

The jump in Tesla’s stock price further inflates a valuation light-years apart from other automakers on numerous metrics. Tesla produced just over half-a-million cars last year, a fraction of the output of Ford Motor Co. and General Motors Co. The company is poised for further near-term gains as Democrats captured both Georgia Senate seats and handed control of Congress to the party that’s advocated for quicker adoption of electric vehicles.

Musk, 49, has benefited from Tesla’s stratospheric rise in more than one way. In addition to his 20% stake in the automaker, he’s sitting on about $42 billion of unrealized paper gains on vested stock options. Those securities come from two grants he received in 2012 and 2018, the latter of which was the largest pay deal ever struck between a CEO and a corporate board.

Despite his astronomical gains, Musk has said he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX. He told Axel Springer in an interview last month that the main purpose of his wealth is to accelerate humanity’s evolution into a spacefaring civilization.


“I want to be able to contribute as much as possible to the city on Mars,” Musk said. “That means just a lot of capital.”

Musk tweeted “How strange,” after reports of his new status were published, then added “Well, back to work.”

The world’s 500 richest people added a record $1.8 trillion to their combined net worth last year, equivalent to a 31% increase. The gains were disproportionately at the top, where five individuals hold fortunes in excess of $100 billion and another 20 are worth at least $50 billion.

Less than a week into the new year the rankings have already been upended by extraordinary rallies. China’s Zhong Shanshan has vaulted past Warren Buffett to claim the sixth slot after shares of his bottled-water company surged, adding $15.2 billion to his fortune.
"







 

Can't decide

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Sep 11, 2018
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the proposition that Musk’s Tesla has somehow been a financial success is the most ludicrous... one can only come to the conclusion that Tesla has been a failure.
...
The outlook is bleak for those who blindly follow Musk. Their blindness, however, is easily seen in their willingness to overlook Tesla’s history of value destruction. I believe a five-year period is the most relevant to judge any company. I compiled the figures at the end of this article from figures published in Tesla’s 2Q2019 10-Q and Tesla’s 2Q2014 10-Q. The conclusion is inescapable: It’s just not working for this company. Musk is living on borrowed time


Tesla’s worst enemy is Elon Musk. The serial entrepreneur has an affliction that many serial entrepreneurs have: Shiny Thing Syndrome. Mr. Musk loves to chase after new challenges and novel projects... you see a leader not focused on doing the hard work of pushing his company through a crisis of scale, but a man obsessed with moon-shots and new projects.

It should be noted that Musk has never operated any business at this scale before... Quite frankly, Musk is not qualified to be CEO of Tesla any longer, and the mismatch of his skills to the company’s needs could not be worse timed for Tesla.


I can only imagine the amount of salt and crow these authors are now consuming.
 

Cravis

Member
Aug 18, 2006
3,367
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In before the “pffft he couldn’t even launch a rocket on the first try” crowd. Just kidding. Well deserved. Definitely a visionary that doesn’t just dream, he tries to make it happen.
 
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Rat Rage

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Aug 13, 2019
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I still think star-link is not gonna work, because there is too much trash in the orbit. Other than that, he seems to be a pretty cool dude, who generally has good ideas.
 
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Feb 23, 2018
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And to think all he did was come up with rechargeable cars
What's really funny is going back and watching all those docus from the 90s and 00s where they say big oil will never allow electric cars, and car companies sabotage their own electric cars, and all those other crazy conspiracy theories.

Turns out all they needed to do was make one that didn't suck!
 

Super Mario

Banned
Nov 12, 2016
3,478
5,931
655
What's really funny is going back and watching all those docus from the 90s and 00s where they say big oil will never allow electric cars, and car companies sabotage their own electric cars, and all those other crazy conspiracy theories.

Turns out all they needed to do was make one that didn't suck!

Now we can take wealth from the big oil, and put it into big electric batteries and big hype. Economy and environment balanced.
 
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Feb 7, 2012
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Neurolink will surpass Tesla but it will be a long ways off and a lot of experimentation and slow adoption.

The commie kids love to hate Elon because no one should ever be allowed to be a billionaire to them....uncle bernie said so! They dont realize most of the money funnels back in RnD and jobs. These people sill think all Billionaires do nothing with that money but sit on their island homes chomping a big cigar and leading young girls around on dog chains. Turns out its most of their heroes who actually do that instead.
 

Trogdor1123

Member
Mar 2, 2012
9,956
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Well, once the tesla bubble bursts he will only be worth like 60 billion so he will barely be able to get by! Poor bastard
 
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Tschumi

Gold Member
Jul 4, 2020
5,505
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800
Material things he cares about:

McLaren F1 (who wouldn't?)
His hair...

...Not sure he cared much about that historical fiancee there..


Congrats, Elon, didn't know your business were that successful - ambitious yes, but risky,i thought~ ah well a dude trying to replace gas driven cars is the richest, that's good news to me!
 
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eot

Banned
Apr 13, 2012
12,803
4,708
895
Kinda crazy that he's richer than Bezos even though Tesla barely makes money.
Material things he cares about:

McLaren F1 (who wouldn't?)
His hair...

...Not sure he cared much about that historical fiancee there..


Congrats, Elon, didn't know your business were that successful - ambitious yes, but risky,i thought~ ah well a dude trying to replace gas driven cars is the richest, that's good news to me!
She divorced a bit too early, eh? Seems she got a bit of money but not insane wealth.
 

GeorgPrime

Bonus Member
Jan 9, 2020
3,379
3,898
550




"
  • Musk’s fortune soared by more than $150 billion in past year
  • Amazon founder Jeff Bezos has held top spot since October 2017


Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.

A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.


The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.

Bezos would still hold a wide lead over Musk had it not been for his divorce, which saw him cede about a quarter of his Amazon stake to his ex-wife, MacKenzie Scott, and his philanthropy. He donated shares worth about $680 million in November.

The jump in Tesla’s stock price further inflates a valuation light-years apart from other automakers on numerous metrics. Tesla produced just over half-a-million cars last year, a fraction of the output of Ford Motor Co. and General Motors Co. The company is poised for further near-term gains as Democrats captured both Georgia Senate seats and handed control of Congress to the party that’s advocated for quicker adoption of electric vehicles.

Musk, 49, has benefited from Tesla’s stratospheric rise in more than one way. In addition to his 20% stake in the automaker, he’s sitting on about $42 billion of unrealized paper gains on vested stock options. Those securities come from two grants he received in 2012 and 2018, the latter of which was the largest pay deal ever struck between a CEO and a corporate board.

Despite his astronomical gains, Musk has said he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX. He told Axel Springer in an interview last month that the main purpose of his wealth is to accelerate humanity’s evolution into a spacefaring civilization.

“I want to be able to contribute as much as possible to the city on Mars,” Musk said. “That means just a lot of capital.”

Musk tweeted “How strange,” after reports of his new status were published, then added “Well, back to work.”

The world’s 500 richest people added a record $1.8 trillion to their combined net worth last year, equivalent to a 31% increase. The gains were disproportionately at the top, where five individuals hold fortunes in excess of $100 billion and another 20 are worth at least $50 billion.

Less than a week into the new year the rankings have already been upended by extraordinary rallies. China’s Zhong Shanshan has vaulted past Warren Buffett to claim the sixth slot after shares of his bottled-water company surged, adding $15.2 billion to his fortune.
"








Whats the moral of the story?

Dont marry and get a divorce, otherwise you lose your spotlight
 
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Oct 26, 2018
21,868
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I can only imagine the amount of salt and crow these authors are now consuming.
That's what happens when anyone can upload an article thinking they are business know it alls.

And another thing that always happens too. When so-called journalists writing articles for 5 cents per word get it wrong, they never have the balls to do a retrospective article saying they were wrong.
 
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Ownage

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Nov 5, 2018
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He also said he doesnt want to own anything and is selling all his houses. So hes a really cool guy or good at PR.
The guy is bipolar and batshit, but he is smart. He's done everything and more in one lifetime. Ownership gets old. He needs new thrills and motivations. And more women to preg.
 
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Coolwhhip

Gold Member
Aug 26, 2019
4,327
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The guy is bipolar and batshit, but he is smart. He's done everything and more in one lifetime. Ownership gets old. He needs new thrills and motivations. And more women to preg.

Doubt he is bipolar, that would have made it impossible. Hes the new Steve Jobs, but instead of computers and phones he cares about other things.
 

Evangelion Unit-01

Master Chief
May 18, 2020
1,963
5,314
830
If that fortune was liquid and not excel money based on a share price multiplied, he could foot the bill for getting people to Mars all by himself. Too bad stock market doesn’t work like that.
 
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oagboghi2

Member
Apr 15, 2018
12,544
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755







I can only imagine the amount of salt and crow these authors are now consuming.
Holy shit, that first article

The proof, of course, is in the stock price. Tesla shares closed trading August 20, 2014 at $255.71. Tesla shares closed last night at $225.86. In contrast, the Nasdaq 100 closed at 4040.71 on August 20, 2014 and at 7664.47 yesterday.
It dipped 30 bucks in a day. It's over

How much Tesla stock do you guys own?
Not enough
 
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Jan 11, 2019
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It's no coincidence that Bill Baits, Elon Cuck, and Jeff Bozo are all the richesr people in the world.

They all created technology that's going to usher in a new modern transhumanist era of consensual slavery.

I remember writing a comment on YouTube back in 2017 talking about how Elon Musk was creating the space crafts that the Antichrist, Armilus Dajjal, would use to navigate the world in 30 days.

Someone replied back saying how my comment made them laugh in tears from how ridiculous it was.

I laughed too :D
 
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S

SLoWMoTIoN

Unconfirmed Member
I remember writing a comment on YouTube back in 2017 talking about how Elon Musk was creating the space crafts that the Antichrist, Belarius Dajjal, would use to navigate the world in 30 days.

Someone replied back saying how my comment made them laugh in tears from how ridiculous it was.

I laughed too :D
That is pretty funny though.
 
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Jan 11, 2019
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Dajjal? Ah yes Armilus, I had no idea he also had that name on other religions. ANYWAY If the Earth is no longer safe to live in for us humans, should we all perish MiyazakiHatesKojima MiyazakiHatesKojima ?
The world can never put us in that kind of situation where there is no way out.

There's always a way out.

We just have to figure it out in this diminishing information age that we live in.
 
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Tesseract

Banned
Dec 7, 2008
61,303
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The world can never put us in that kind of situation where there is no way out.

There's always a way out.

We just have to figure it out in this diminishing information age that we live in.
well said, i tend to agree

there's always a way out so long as you abide fundamental principles and account lost information / time

i dunno what to think about shit like QG anymore, we'll see ...

 
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Jan 11, 2019
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well said, i tend to agree

there's always a way out so long as you abide fundamental principles and account lost information / time

i dunno what to think about shit like QG anymore, we'll see ...

I'm currently reading this book:

Description

A visionary work from a futuristic philosopher. Presents in great detail a positive, compelling view of the new human and new human society that goes beyond cultures, nations and civilizations; beyond democracy, socialism, communism and money; beyond competition under the illusion of limited resources; beyond the godspell Babel-factoring religions; beyond the old new age. Reveals how we will live as enlightened, generic humans having restored the true knowledge of our history as a genetically created species - part Homo erectus and part Anunnaki/Nefilim. Accepting and integrating this proven knowledge will allow us to experience planetary peace and meet the conditions for matriculation into stellar society. Sapiens Rising presents a meta-scenario, the largest picture of our current consciousness revolution and the wild card memes and technologies that afford us the ability to transcend and achieve cosmic consciousness and our place among the stars. Whatever we can conceive we can achieve. Whatever we can comprehend we can transcend. Previously released as an e-book only, the author claims it has reached Michelle and Barack Obama, M. Gorbachev, John Petersen of the Arlington Institute, the Dalai Lama, Pope Benedict, Klaus Schwab (of Davos), Presidents Clinton and Carter, Charlie Rose, and Bill Moyers, among others.

It's incredibly disturbing and very prescient of what Catherine Austin Fitts was speaking about in her video:

I suspect Elon Musk is part of this Cosmo-Philosophical movement since he's creating that NeuraLink technology.
 
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