Remember he invented the underground tunnel for cars and the overground tunnel for trains!

What happened with the hypertube? Did it consume all pubic funding for other public transportation and went to sleep?

Elon Musk is worth less than Vladimir Putin, and any number of Saudi Arabian royals

PROVE IT! Submit some links for everyone to read.

Every article about Putin’s net worth lists it at $200 billion

Also, people like you always claim there’s some Saudi that is richer but there’s never any proof.
Also, the Saudi oil barons are wealthy families so the money is split among many.

Look, when Bezos or Musk are worth $200 billion you can speculate if Putin
is richer but Elon is now at nearly half a trillion.

PROVE IT! Submit some links for everyone to read.

He gained the vast majority of his riches from Tesla stock. According to this page outlining Tesla ownership, he owns about 20% of the company and that 20% alone is worth about $280 billion right now. How is it considered worth that much? Well, long story short, the stock market is detached from reality. People like to claim that it’s rational but we’re talking about an automotive company worth more than the next 62 or so automotive companies combined even though it produces a fraction of the vehicles of the others.

The only remaining argument to justify the value is future potential and some claim the stock market is “future looking” as if it can tell the future. What lies in the future for Tesla is apparently robotaxis, robots, and some other AI-based vaporware. People also claim that the batteries are a huge advantage for Tesla, but Tesla doesn’t make the cells and they’re not involved in the chemistries, they’re just assembling cells into batteries. This is where China would absolutely destroy them, but of course Musk got the government to protect his ass by slapping 100% tariffs on Chinese EVs.

Speaking of the government, he also gets lucrative contracts from the government for SpaceX. He’s one of the biggest welfare queens of all time. Tesla was saved early on by carbon tax credits (which was the only money maker for Tesla for most of its life), another policy government that built up Musk to what he is today. He likes to think of himself as some rugged individual capitalist, but he’d be nothing without the billions in government support.

Their rockets (Falcon 9) are literally the most reliable in history of spaceflight, and are still the only company that reuses rockets instead of building a new one for every flight, so they make boatloads of money. They made over 9 billion in 2023, likely more in 2024.

They do spend a lot on R&D, with all their test vehicle explosions as you noted, but this doesn’t affect actual operations where profits are made.