Posted on 12/11/2024 1:37:14 PM PST by millenial4freedom
Elon Musk added nearly $7 billion to his net worth Wednesday as Tesla’s shares rallied to a new intraday high amid a broader surge for tech stocks, as analysts have held optimism for the automaker in the weeks since the election.
(Excerpt) Read more at msn.com ...
Looks like a free-speech social media vehicle was a good investment, after all.
“Looks like a free-speech social media vehicle was a good investment, after all.”
What is a “free-speech social media vehicle”?
I’m continuing to buy Tesla - long-term I think the Optimus robot is going to be their future, not EVs. And the robot market is going to be huge - I know Musk has read Asimov and I expect the Three Laws to be in place by the time I buy one. Dibs on the name Giskard.
The latest SpaceX valuation puts him over $400 billion.
X
Tesla is the only company making a profit on each car -including the Chinese. And don't forget the robots! Also his proximity to Trump is a YUGE factor investors are banking on.
I haven’t seen anyone else pointing this out but if the government subsides stop for EV’s he will make out like a bandit!!!
No other manufacture can make EV’s at a profit so everyone else will drop out of making these without government incentives.
But I’d call this a win-win.
By itself, X didn’t make a good investment to this point.
By itself, X didn’t make a good investment to this point....
Yet. There are plans for X that will make this a very good buy.
“Yet. There are plans for X that will make this a very good buy.”
As I have previously.
That slip-and-recover is impressive.
X
No, but it got Musk a friendly president.
Agreed.
A brilliant PhD Electrical Engineer that I used to work with knew years ago that Tesla was more than a car company. He retired early off of the money he made on his Tesla shares.
I asked him a few years ago if he thought it was too late for me to buy some shares and he said "no, that company is going places", and he proceeded to tell me about all the stuff he had read about that they were working on.
I bought in, and I'm glad I did.
Bah.
Once he has SpaceX and Starlink go public with a stock IPO then Elon Musk will be a trillionaire.
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