How Tesla’s Elon Musk grew his wealth even more.
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Well time now for a Quicktake by the numbers where we let the
data tell the story. Today’s number thirty six point two billion
dollars. Elon Musk’s net worth rose by thirty six point two
billion dollars just yesterday after Bloomberg News reported
that Hertz would buy one hundred thousand Tesla’s to start
electrifying the car rental market on Musk’s soaring net worth.
Now makes him more valuable than Exxon Mobile and the GDP of the
entire country of Finland. According to the Bloomberg
Billionaires Index the wealth of the world’s richest person
jumped to more than two hundred and eighty eight billion
dollars. Twenty one has been a massive year for Musk. He’s out
at one hundred nineteen billion dollars to his net worth in just
ten months. Yesterday Tesla was the fifth U.S. company to cross
one trillion dollars in market capitalization. We should note
that his daily net worth will continue to fluctuate and move as
markets are open currently and Tesla stock is moving. I’m joined
right now by Quicktakes Alex Webb also Bloomberg Wealth
reporter Anders Melin. Anders I want to start with you. How can
one headline move someone’s net worth by 36 billion dollars in
just one day.
Well it’s really a function of the fact that people keep pouring
more and more and more money into Tesla without seeming there to
be any stop. And the fact that Musk owns somewhere between 20
and 25 percent of this company it just whenever people put money
into Tesla muskets. Anders, Alex come on in here because it’s
not just about Tesla. And Musk has a large share of SpaceX
is privately held space company. So break down the wealth that
Elon Musk has. How much is in Tesla and how much is in space X
and even the boring company which is a tiny portion.
Yeah the overwhelming majority is clearly in Tesla. I think
about 40 billion of his wealth stems from his stake in Space X
and of course the nature of being invested in having a big share
in any big companies that
Tesla has a trillion dollar market share. That means that a 1
percent move in the share price is actually a 10 billion
increase to your net worth. So the tiniest movements have
outsized impact on the way that we value his wealth and his team also value that wealth. So it does mean that if
Tesla endures a rockier day tomorrow it could lose loses say 5
percent is unlikely but it’s always possible. Then he loses 50
billion in net worth and that’s you know the value to Deutsche Bank. So at this stage in a given it is sort of notional
wealth. The numbers just at times become one was hard to
compute. E they are hard to commute because they’re so large.
And even though Anders Elon Musk’s pay is even outsized compared
to other billionaires even outsized as wealth is compared to
Jeff Bezos who’s the second most wealthy person in the world
outsized pay for corporate executives especially in the United
States. That’s something that we’re seeing more and more of
something that your team has reported a lot on. We’re seeing
executives regularly make in the hundreds of millions of dollars
in a single year. Why is that happening. So it’s become an
increasingly growing trend. And experts that I’ve talked to say
that a lot of it since back to Elon Musk really years ago he
received a really large pay package which was effectively a
moonshot bet on Tesla saying that if Tesla increases by more
than tenfold in size and profitability then I’m gonna get stock
options worth somewhere around fifty. Fifty five billion people
at the time kind of laughed at this and said of course this this
is something that Musk would do. The Tesla fans thought you know
that this is a sign where things are headed and a lot of
executives are now seeing that this is panning out really well
for Musk. He’s becoming very wealthy as a result of it and want
sort of copycat awards and more of those are being created.
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November 5, 2021 at 7:19 pm
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November 5, 2021 at 7:21 pm
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November 7, 2021 at 4:04 pm
Government is about to spend $1,5 Trillions… Ask them to give that money to you directly
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November 5, 2021 at 7:32 pm
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November 5, 2021 at 7:51 pm
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November 5, 2021 at 9:01 pm
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November 5, 2021 at 9:02 pm
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November 5, 2021 at 8:25 pm
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WulfCry
November 5, 2021 at 8:31 pm
Everyone wants to do the dance that Musk does now, Tesla’s work paradigm in automotive beats the old way of doing nowadays for every year passed are a few more steps behind for those that fall behind Tesla. The years to come to see the changes in the automotive industry going get interesting.
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November 6, 2021 at 5:47 am
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November 6, 2021 at 8:45 am
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Bryson Co
November 5, 2021 at 8:47 pm
Go Elon!
Water Bug
November 6, 2021 at 12:51 am
Musk must have to write really small to fit numbers into his income tax forms.
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November 6, 2021 at 1:05 am
He’s a high duration fellow
scoopbls
November 6, 2021 at 12:40 pm
He does not lose 50bn if TSLA drops 5%. TSLA market cap reduces by 5%. Given Musk owns 20-25% of TSLA. His TSLA stock would reduce by 10bn-12.5bn.
Blomberg need to pay some $ to get the staff. FFS.
Corey Chambers
November 6, 2021 at 8:20 pm
Time to short the extremely inflated stock market. No need to short Tesla though. There are plenty of fraudulent companies and total loser companies to short. No need to short a company or CEO with a winning history.
George B.
November 7, 2021 at 4:03 pm
So? Is your Exxon sponsors mad Bloomberg?? Tesla is an EV car and renewable energy company,with solar, batteries etc… If we want to fix the world, we kind of need successful companies like these to grow bigger than Exxon!
Your problem is that Exxon is sponsoring you,while Tesla and Musk don’t. That is making you corrupt and an enemy to the world!
Instinct Jones
November 7, 2021 at 6:57 pm
My total hopes, prayers and beliefs are that #elon played a “CHECK” move.
He knew they would have a shit response, they aren’t gonna let that much money slip through their hands, do you know how much a billion dollars is?
It’s a thousand million dollars. And he’s offering 6 billion. And this is CHECK…
MATE is gonna be when he shows that he’s already got a plan. If he can do it, he’ll show the world that politicians could have stopped WORLD HUNGER and HOMELESSNESS, all of this, but THEY DON’T.
They don’t want to, because they profit from the class-division.
And this dude has over $320 BILLION.
People like
elon
#bezos
#gates
… and many others…
They could do it.
If, say elon, bought a franchise like McDonald’s (but not McDonald’s, because they wouldn’t do it) (maybe BK or TB)
So imagine, suddenly the BK ad tells you they’re gonna END WORLDHUNGER, and they will now rely SOLELY on DONATIONS.
The restaurant standards and conditions are the same (or preferably BETTER) as before, there are still prices on the overhead menu, however as a general consensus, people who can pay, do. But NO demands no matter who is thought to have money.
[[If your kids came into my restaurant (me, as a friend of yours, or a brother), wouldn’t you hope that I feed them? So if some teens come in and think they’re getting over by not paying, good. Teens might be given emergency money by their parents, save that, eat here…]]
Bring me your hungry…
Maybe half the money needed might come from customers who actually paid. Just people who’d rather their money go to feeding those who could use the help, and THERE ARE TIMES WE COULD ALL USE A FREE MEAL.
Maybe CrackerBarrel… that’d be nice… big ol’ portions, REAL FOOD, and the whole thing geared towards helping the people instead of killing us.
THE EMPLOYEES SHOULD BE PAID WELL. They would likely honestly have a good genuine disposition.
The only “customers” that would go would be the ones who aren’t there judging. ADVERTISE THAT.
Companies could donate too, with maybe some recognition as incentive. (Now THAT PART, McDonald’s would be ALL ABOUT getting some RECOGNITION)
And then whatever billionare chose to start said venture, could donate the remaining 25% needed (or whatever) from one of their separate companies, which would end up as a write off in taxes…
Badda BING BITCH.
There. Hunger Stopped. Buy-out CrackerBarrel, make it free to those who can’t, and donations from those who can. DON’T try to guess. You’re only accepting donations. ADVERTISE LIKE A MOTHER!!! Explain that this will stop world hunger if we all get on board.
Also, maybe attach a donation company to the side instead of a gift shop. Like clothes, toys, deeds to houses, etc…
Encourage those not “afraid of the homeless” to come. Take the preexisting prices of the meals, cut them in half, and suggest the lower amount as a donation-guide. Not verbally, like from the server, but on the menus. The goal is to end the demonstration of the homeless and hungry too.
If ANY of these NEW BILLIONAIRES decided to do this, they could, without a hitch. Instead of continuing the archaic and barbaric tradition of punishing the poor, we could change the trajectory of humanity.
That was the old way of the Royals who thirsted for more, even at the suffering of their people.
Every Leader in our World came from OLD MONEY, which means, ITS ALWAYS BEEN THE SAME FAMILIES,.
UNTIL NOW. Each Billionaire is essentially a King or Queen. And within the last 100 or so years, you have a new kind of Rich. The kind who wasn’t born bred and groomed to inherit daddy’s throne and crown.
The new rich come from us.
Like Moses, the Hebrew who grew up learning the Egyptian Magic, these new rich can set us free. They can change our pattern if we can just reach them…
But we can. Each millionaire and above has a team of people who’s only job is to keep an eye on their public opinion. Their PR guy.
So we reach out to the NewRich.
Don’t be the reincarnation of the old kings. We’ve evolved past that.
Instead of saying, “you don’t DESERVE food clothing or shelter because you didn’t understand life, or because you made poor choices, or were a criminal, or born addicted or abandoned or otherwise missed the mark…” So many have tried and tried (and still are) to get it right.
(So many have poisoned themselves for years, just to try to heal a wound or a set of wounds they couldn’t see nor explain.)
So, instead of saying that (you deserve this), say, “get something in your belly. We’ll figure it out. No more punishment (BY STARVATION) just because you’re poor.”
If the NEEDS OF HUMANITY were met, you’d have HAPPIER HUMANS.
MEET OUR NEEDS.
EVERY HUMAN HOUSED
EVERY HUMAN FED (well)
EVERY HUMAN given free that which we ourselves would DIE (or wish we were dead) WITHOUT
Stop saying it’s communism (humanity, not specifically you guys). Can’t we wrap our minds around developing a new concept? It doesn’t HAVE to be Right or Left, JUST BECAUSE THEY SAY SO. OF COURSE THEY WOULD SAY THAT.
……………
BTW, you can legally add “non-profit” to any business as part of the name of the company whether its nonprofit or not.