Summary
Tesla’s European sales plunged 45% in January, while the EV market grew 37%, with rivals like Volkswagen and Renault gaining ground.
Production changes for the Model Y is claimed to contribute to lower sales, but Elon Musk’s political controversies also sparked backlash.
Musk’s support for far-right parties and attacks on European leaders have made him unpopular, as polls show negative perceptions in Germany and the UK.
Tesla’s struggles come as European automakers face stricter emissions targets, increasing competition in the region’s growing EV market.
Where does Musk’s money actually come from? How big part of it comes from Tesla? How much from SpaceX and how much from Starlink? What else do Musk’s companies do?
I’m just wondering: How long will he still be the richest person on Earth? And once he’s not, what will Trump think of him?
Government contracts to his companies amount to more than $8 million per day currently, expect that number to grow now that Musk can decide which government functions he should privatize for his own gain. Verizon’s $2 billion dollar contract with the FAA is likely to be cancelled so Starlink can get their cut.
Most of it from being a subsidy queen.
Now even more since he’s important for the US war machine and is getting billions in contracts.
https://www.mintpressnews.com/pentagon-recruiting-elon-musk-nuclear-war/289055/
From insider trading and also griefing crypto bro.
iirc most of his wealth is on paper, in the form of stock for his companies. He’s relatively cash poor
As usual with billionaires (and actually most people with a significant wealth)
And they live off of loans collateralized by stock. Musk has easy access to as much cash as he could possibly want, whenever he wants it. He’s definitely not “cash poor”.
Definitionally cash poor.
Well, I think forbes is maintaining a well known list, here’s his entry, which should give you some info about the source of his wealth: https://www.forbes.com/profile/elon-musk/?list=rtb%2F
He doesn’t have all that much money. But he has a lot of capital. And that can go away tomorrow. He can go from richest man to 10,000th richest man in 24hours.