He's not the richest man on the planet. His stock value is worth what sums up to be the "official" richest man on the planet.
That's what his assets are valued to be; the "richest". If he were to cash out all those assets (stocks) he would plummet the price of those stocks and lose billions.
And the answer to your question is simple. People buy his companies stocks driving the price up and since he owns massive portions of those companies via stock ownership, the value of every stock he owns runs up, making him the "richest" man in the world.
His company is what's known as "growth stocks" or "momentum stocks". They rise rapidly and fall dramatically, hence "growth" and "momentum".
He wouldn't be able to sell all his positions without causing a massive supply dump. It would drive the price down and trigger more selling driving the price further down.
And the income-tax deductions for buying EVs, among other government largess.
Musk has taken advantage of a lot of shouldn't-be-available government help for his EV business, but he didn't put those advantages in place, only used them smartly.
And unlike the, uh, "failed business people" behind Solyndra and a number of failed solar companies, Musk actually creates products that get to market and are bought by people who, for the most part, are enthusiastic about what they bought.
So few realize this
I've wondered the same thing. Plus many of his products are failures
Kinda like the jab?
He's not the richest man on the planet. His stock value is worth what sums up to be the "official" richest man on the planet.
That's what his assets are valued to be; the "richest". If he were to cash out all those assets (stocks) he would plummet the price of those stocks and lose billions.
And the answer to your question is simple. People buy his companies stocks driving the price up and since he owns massive portions of those companies via stock ownership, the value of every stock he owns runs up, making him the "richest" man in the world.
His company is what's known as "growth stocks" or "momentum stocks". They rise rapidly and fall dramatically, hence "growth" and "momentum".
It has nothing to do with products he sells.
Like Gates was he's the "richest" man that normies are allowed to know about. How does his wealth compare to that of the richest Rothschild?
Exactly. They want you to think some cartoon character like Musk or Gates is the worlds richest man. It's jokes.
If he cashed out of his positions, making the market dump, it wouldn't effect his net worth since he'd be in cash already
He wouldn't be able to sell all his positions without causing a massive supply dump. It would drive the price down and trigger more selling driving the price further down.
Well, the carbon credits instituted by Gore and Newsome helped
And the income-tax deductions for buying EVs, among other government largess.
Musk has taken advantage of a lot of shouldn't-be-available government help for his EV business, but he didn't put those advantages in place, only used them smartly.
And unlike the, uh, "failed business people" behind Solyndra and a number of failed solar companies, Musk actually creates products that get to market and are bought by people who, for the most part, are enthusiastic about what they bought.
He inherited an emerald mine in Africa
He probably made a "good deal" with the Satanists then the White Hats, and they just let him be as long as he works for them.
Definitely EM is/was a good engineer forced to do shady things. He's definitely legit smart and his humor is not forced.
Follow the wives, look at what happen after Putin divorce, Elon divorce?