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These days after the new achievements of Tesla, there are a lot of talks that Elon Musk has all chances to become the first trillionaire in the world. But is it really so?
Tesla CEO Elon Musk has been tipped to break the trillionaire threshold before Jeff Bezos, Bill Gates or any other contemporaries following Tesla’s recent landmark in breaking the $100 billion market cap level after skyrocketing rise of the company’s stock price.
Should We Be Getting on the Musk Train?
Elon Musk rests rightly as one of the biggest celebrity entrepreneurs in the world and has amassed an enormous cult following over the years. Fanatics are at their constant best with bullish predictions concerning Elon Musk or the future of Tesla, but are there any truth to these claims?
A certain Christopher Dungeon made his observation on Twitter, predicting a massive, if not miraculous surge past current tech powerhouses.
"If Tesla reaches all the milestones and a market cap of $650 billion, he would own about 30% of the company at that point, which would be a stake worth about $195 billion — making him the richest man on the planet" – Fred
— Christopher Dungeon (@ChrisDungeon) January 22, 2020
While Elon Musk has been vocal and garrulous over the years, one must admit that Musk is a workaholic, and has worked tirelessly to where he is now. Reports floated early last year that Musk would refuse all bonuses and commemorations from the company until Tesla crosses the $100 billion market cap, the veracity of this is shaky of course. But the gist remains, Elon Musk has till now put his money where his mouth is over the decade. Why can’t we believe him now?
Numbers Can Lie
In terms of productivity and turn-out rates, Tesla firmly lags behind in its output compared to similar automobile companies. As a matter of fact, Volkswagen produced 30 to one Tesla car last year, but are nevertheless lurking below Tesla in valuations. Tesla, with its recent market valuation, is obviously now considered more valuable than the three german automobile companies: BMW, Volkswagen, and Daimler. Talk of putting money where your mouth is!
It’s a new capitalist age, and you necessarily don’t need to turn out huge earnings to shoot up stock values, Tesla might just be the quintessential epitome of that.
Do We Have the World’s First Trillionaire?
Certainly not (except of course in centavos). If Elon Musk must be the first trillionaire in the next few years, then Tesla’s valuation must obviously shoot up dozens of times than its current one.
Musk’s current net worth estimated to be about $23 billion, would most likely not be beating Jeff Bezos’ in the next few years. If we can, however, for a minute, just jump on the Musk train, and believe in the cosmos colonization spearheaded by Elon Musk, believe he’s knocking Bezos off the peak – and that’s to assume, that is if the bullish surge somehow materializes, Musk by this time, still owns 30 percent of Tesla – then, of course, he beats Bezos to with a new net worth of $195 billion. That’s to assume, of course, that Bezos’ valuation remains stagnant over the years.
Too many assumptions.
Musk’s fine wherever he is, and we can only jump on the Musk train at our own peril.