Elon Musk Trillionaire. Elon Musk Is Set to Become World’s First Trillionaire by 2027 A new report has predicted that Elon Musk, CEO of Tesla and SpaceX, could hit trillionaire status by 2027. According to a report by Informa Connect Academy, which monitors global wealth, Elon Musk is anticipated to become the world's first trillionaire […]
In the early 2000s, Elon Musk co-founded Tesla “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible." Fast-forward to 2021, and the company's earnings sat at a mighty $53.82 billion, with its CEO’s net wealth currently at approximately $262.9 billion. For many years now, Tesla […]
Using Elon Musk as a textbook, we discuss why celebrity CEOs exhibit terrible governance policies. The key to corporate success is good corporate governance. Any CEO worth their salt is a humble leader with eager, engaged, and educated critics at board level to keep decisions in check. Inversely, ego, inexperience and unwavering control are red […]
Multi-billionaire Elon Musk is no longer the richest person in the world after he sold another 22 million shares, worth $3.6bn in his electric car maker Tesla.
Following the official $44bn takeover of Twitter, Musk said the move was "essential to defeat spam/scam". Currently, the blue tick symbol which appears next to a user's name is free. It is received after a short online application form and is reserved for high-profile users like celebrities and politicians. "Power to the people! Blue for […]
On Wednesday, Elon Musk caused a stir by tweeting that he was purchasing English football club Manchester United. Later, the Tesla billionaire tweeted again, informing his followers that it was a joke. Early Wednesday, Musk tweeted about his political affiliations and then added in a second tweet: "Also, I'm buying Manchester United ur welcome." The […]
A series of financial filings published on Tuesday has revealed that Tesla CEO and world’s richest man Elon Musk has sold 7.92 million shares of Tesla, worth approximately $6.88 billion. The SEC filings show Musk’s transactions took place between August 5 and August 9, soon after the electric vehicle company’s 2022 annual shareholder meeting on […]
SpaceX, which was founded in 2002 by Elon Musk, has completed its first-ever launch to polar orbit for its Starlink internet network, enabling complete coverage of Earth. On Sunday, a SpaceX Falcon 9 rocket lifted off from the Vandenberg Space Force Base in California to deliver 46 Starlink satellites into low-Earth orbit. “These polar launches […]
Elon Musk’s offer to purchase Twitter caused investors to pummel Tesla, gouging out billions of dollars in Tesla’s market value. Investors doubted he could run both companies equally well, let alone all of his other holdings.
The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla need to be cut, though he added that the company would be increasing hourly […]
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