$500B is amazing. And he is just 54 or so. 20 years ago, we were amazed when we heard of Bill Gates crossing $100B but now there are so many above that threshold. By the time Musk reaches 80, he will be a many TRILLIONS worth. Mind-boggling numbers.

The lesson for the rest of us is there is no wealth to be made in today's America by staying an employee. Either start your own business and be successful or become a successful investor. It is much easier to become a good investor. Do something, don't just assume that your employer or manager will take care of you.

https://finance.yahoo.com/news/musk-becomes-first-person-hit-222331321.html

Quote:

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(Reuters) -Tesla (TSLA) CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company's shares and surging valuations of the tech entrepreneur's other startups this year.

Tesla stock rose more than 1% in premarket trading on Thursday.

His net worth stood at $500.1 billion as of 4:15 p.m. E.T., according to Forbes' billionaires index.
Musk's fortunes are tied closely to Tesla, where he held a more than 12.4% stake as of September 15. The stock has risen more than 14% so far this year and closed 3.3% higher on Wednesday, adding more than $6 billion to Musk's net worth.

After a turbulent start to the year, Tesla shares have trended higher as investor sentiment improved on Musk bringing his focus back to his companies. Tesla board chair Robyn Denholm said last month Musk was back "front and center" at the company after several months at the White House.
Just days later, Musk disclosed his purchase of about $1 billion worth of the shares in a huge vote of confidence for the future of Tesla as it races to transition from an automaker to an AI and robotics powerhouse.

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Pretty amazing considering the hit Tesla stock took during his DOGE days.

AlexNguyen said:

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Pretty amazing considering the hit Tesla stock took during his DOGE days.

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Its recovered.

Very deserving for a guy that dragged the entire country, and every other auto company, into the world of EV.

Good for him. I guess. But I thought all CEOs were horrible people.

Phatbob said:

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I swear you must have an alert on your phone for any mention of Elon in the news...

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Not just Elon, anyone. My interests are business, technology and related things so I post more on those. I don't care about abortion or guns so I never post on those.

Go to finance.yahoo.com and you will get the business headlines.

Everyone has their own interests.

One of my missions here is to educate people on the need to invest. Not just sit on their jobs and hope all will be well. Investing is how today's America runs. You cannot fight the rich guys, just do what they do.

Wasn't he worth 1T at some point? I could have sworn the lefties were all in a tizzy about it a few years back

zag213004 said:

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No Spin Ag said:

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Very deserving for a guy that dragged the entire country, and every other auto company, into the world of EV.

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If you drive them "people will think you're gay"

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Your slow car/truck is gay

Decay said:

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Wasn't he worth 1T at some point? I could have sworn the lefties were all in a tizzy about it a few years back

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That was the incentive pay package Musk received from the board of Tesla if he reaches certain aggressive milestones with Tesla.

• Requirements:
  To receive the full payout, Musk must achieve several audacious operational goals, including:
  
  
  • Raising Tesla's market value to $8.5 trillion.
  • Deploying one million autonomous taxis.
  • Producing one million humanoid robots.
  • Achieving more than a 24-fold increase in Tesla's profit.

Texag5324 said:

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Decay said:

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Wasn't he worth 1T at some point? I could have sworn the lefties were all in a tizzy about it a few years back

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That was the incentive pay package Musk received from the board of Tesla if he reaches certain aggressive milestones with Tesla.

• Requirements:
  To receive the full payout, Musk must achieve several audacious operational goals, including:
  
  
  • Raising Tesla's market value to $8.5 trillion.
  • Deploying one million autonomous taxis.
  • Producing one million humanoid robots.
  • Achieving more than a 24-fold increase in Tesla's profit.

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Ah yes. You are right. That was the one.

infinity ag said:

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Phatbob said:

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I swear you must have an alert on your phone for any mention of Elon in the news...

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Not just Elon, anyone. My interests are business, technology and related things so I post more on those. I don't care about abortion or guns so I never post on those.

Go to finance.yahoo.com and you will get the business headlines.

Everyone has their own interests.

One of my missions here is to educate people on the need to invest. Not just sit on their jobs and hope all will be well. Investing is how today's America runs. You cannot fight the rich guys, just do what they do.

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Especially on how CEO's are evil and how us peasants are getting taken advantage of at every turn.

I remember just weeks ago when people were saying Tesla is done and is a dying company.

Whoops.

Texag5324 said:

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Decay said:

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Wasn't he worth 1T at some point? I could have sworn the lefties were all in a tizzy about it a few years back

---

That was the incentive pay package Musk received from the board of Tesla if he reaches certain aggressive milestones with Tesla.

• Requirements:
  To receive the full payout, Musk must achieve several audacious operational goals, including:
  
  
  • Raising Tesla's market value to $8.5 trillion.
  • Deploying one million autonomous taxis.
  • Producing one million humanoid robots.
  • Achieving more than a 24-fold increase in Tesla's profit.

---

Insane goals, insane payout. Curious to see what kind of progress they've made since that announcement.

Decay said:

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Texag5324 said:

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Decay said:

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Wasn't he worth 1T at some point? I could have sworn the lefties were all in a tizzy about it a few years back

---

That was the incentive pay package Musk received from the board of Tesla if he reaches certain aggressive milestones with Tesla.

• Requirements:
  To receive the full payout, Musk must achieve several audacious operational goals, including:
  
  
  • Raising Tesla's market value to $8.5 trillion.
  • Deploying one million autonomous taxis.
  • Producing one million humanoid robots.
  • Achieving more than a 24-fold increase in Tesla's profit.

---

Insane goals, insane payout. Curious to see what kind of progress they've made since that announcement.

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Payout is not really that insane if they hit the goals. It's all relative.

YouBet said:

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Decay said:

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Texag5324 said:

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Decay said:

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Wasn't he worth 1T at some point? I could have sworn the lefties were all in a tizzy about it a few years back

---

That was the incentive pay package Musk received from the board of Tesla if he reaches certain aggressive milestones with Tesla.

• Requirements:
  To receive the full payout, Musk must achieve several audacious operational goals, including:
  
  
  • Raising Tesla's market value to $8.5 trillion.
  • Deploying one million autonomous taxis.
  • Producing one million humanoid robots.
  • Achieving more than a 24-fold increase in Tesla's profit.

---

Insane goals, insane payout. Curious to see what kind of progress they've made since that announcement.

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Payout is not really that insane if they hit the goals. It's all relative.

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Its perfectly valid and completely insane.

No Spin Ag said:

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Very deserving for a guy that dragged the entire country, and every other auto company, into the world of EV.

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What are you talking about?

Democrats attempted to force feed EV's to the country, and failed. Auto companies virtue signaled and went hard on EVs and are backing off.

Entire country? Please.

Tesla is one part of his overall portfolio and I still don't think most people understand what Tesla really is.

Urban Ag said:

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No Spin Ag said:

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Very deserving for a guy that dragged the entire country, and every other auto company, into the world of EV.

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What are you talking about?

Democrats attempted to force feed EV's to the country, and failed. Auto companies virtue signaled and went hard on EVs and are backing off.

Entire country? Please.

Tesla is one part of his overall portfolio and I still don't think most people understand what Tesla really is.

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For genpop, it's a robot, autonomous driving, and AI company. It's not a car company.

Elon explicitly lays this out in his recent strategy document that he does every few years.

AlexNguyen said:

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Pretty amazing considering the hit Tesla stock took during his DOGE days.

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That was awesome. I bought a chunk when it was down. Wish I bought more.

Also bought a Tesla. The car is amazing. Drives me to/from work each day. Keep checking the Tesla app for the release of FSD 14. (Fuill Service Driving)

I would also like to point out that the libs on this board told us that Twitter would die because Elon took over and Tesla was done when DOGE was created. Elon was going to lose all of his wealth and bunch of other utterly stupid takes not based in reality but in childish, leftist, dogma. LMAO.

Exactly.

This is great advice. It is best if you can do both create a business and invest rigorously. It is the blueprint to at I am following.

No Spin Ag said:

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Very deserving for a guy that dragged the entire country, and every other auto company, into the world of EV.

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For all that he's done, history is going to remember Elon for SpaceX, and changing the trajectory of the human race.

GeorgiAg said:

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AlexNguyen said:

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Pretty amazing considering the hit Tesla stock took during his DOGE days.

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That was awesome. I bought a chunk when it was down. Wish I bought more.

Also bought a Tesla. The car is amazing. Drives me to/from work each day. Keep checking the Tesla app for the release of FSD 14. (Fuill Service Driving)

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My experience too.

Was planning to test drive a Mustang GT. Stopped by the Tesla dealership first.
I was sold in 5 minutes of driving it.
Teslas are freaking amazing to drive.
Do yourself a favor, and test drive one next time you are in the market for a vehicle.

Urban Ag said:

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No Spin Ag said:

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Very deserving for a guy that dragged the entire country, and every other auto company, into the world of EV.

---

What are you talking about?

Democrats attempted to force feed EV's to the country, and failed. Auto companies virtue signaled and went hard on EVs and are backing off.

Entire country? Please.

Tesla is one part of his overall portfolio and I still don't think most people understand what Tesla really is.

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Non ICE cars didn't really take off until Tesla.
Before Tesla, all the non-ice cars were ugly.

And yes, looks do matter.

deddog said:

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GeorgiAg said:

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AlexNguyen said:

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Pretty amazing considering the hit Tesla stock took during his DOGE days.

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That was awesome. I bought a chunk when it was down. Wish I bought more.

Also bought a Tesla. The car is amazing. Drives me to/from work each day. Keep checking the Tesla app for the release of FSD 14. (Fuill Service Driving)

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My experience too.

Was planning to test drive a Mustang GT. Stopped by the Tesla dealership first.
I was sold in 5 minutes of driving it.
Teslas are freaking amazing to drive.
Do yourself a favor, and test drive one next time you are in the market for a vehicle.

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A coworker's husband has one of the first cybertrucks, both of his kids drive Tesla cars, and my coworker is looking at getting a Tesla S next month.

Once they drove Teslas they never looked at any other vehicles.

Tom Fox said:

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This is great advice. It is best if you can do both create a business and invest rigorously. It is the blueprint to at I am following.

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Yes, while I am a good investor, but I have no ideas about starting a business. I want to do that.
Maybe I should start a thread in the business board so see what folks have done. Something may be applicable to me and something I can look into.

deddog said:

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GeorgiAg said:

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AlexNguyen said:

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Pretty amazing considering the hit Tesla stock took during his DOGE days.

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That was awesome. I bought a chunk when it was down. Wish I bought more.

Also bought a Tesla. The car is amazing. Drives me to/from work each day. Keep checking the Tesla app for the release of FSD 14. (Fuill Service Driving)

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My experience too.

Was planning to test drive a Mustang GT. Stopped by the Tesla dealership first.
I was sold in 5 minutes of driving it.
Teslas are freaking amazing to drive.
Do yourself a favor, and test drive one next time you are in the market for a vehicle.

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Interesting. I just got my wife an Audi. It is amazing. Now I want to try a Tesla.

I just hate the look of Teslas. I am a traditionalist, I love the look of the 1920s cars for example. I believe 80s and onward car design has generally been bad.

I highly suspect there are some men who live in the Middle East who are worth a trillion.

They're just less in the public eye over here.

I think there's a far more important lesson than working for yourself so you can be obscenely wealthy.

How about doing something you're passionate about. How about wealth is important, but not the measuring stick to one's importance or value to society. How about just being a good person……..you know……..Christ like.

Seems to me the values we place in highest esteem are really more about greed and narcissism.

aginlakeway said:

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I highly suspect there are some men who live in the Middle East who are worth a trillion.

They're just less in the public eye over here.

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This times eleventy billion......

Musk is a Lol poor compared to some of the old world banking clans and monarchs around the world.

aggiedent said:

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I think there's a far more important lesson than working for yourself so you can be obscenely wealthy.

How about doing something you're passionate about. How about wealth is important, but not the measuring stick to one's importance or value to society. How about just being a good person……..you know……..Christ like.

Seems to me the values we place in highest esteem are really more about greed and narcissism.

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But American culture says "Greed is Good".... or is it just a few greedy CEOs?