Elon Musk's $500B Wealth: Tesla's Robotaxis, SpaceX, and $1T Stock Package
Elon Musk, the CEO of Tesla and SpaceX, has ambitious plans for his companies. He aims to drive Tesla's growth through robotaxis and robots. Meanwhile, his wealth, primarily from Tesla and SpaceX shares, is estimated to be around $500 billion. Shareholders will soon decide on a potential stock package valued up to $1 trillion.
Musk's fortune is difficult to pinpoint precisely due to several of his companies not being publicly traded. However, his wealth has surged significantly. He broke the $400 billion mark in December 2020 and is now estimated to be around $150 billion more than Oracle co-founder Larry Ellison.
Tesla's stock may have received a boost from expired government subsidies for electric vehicle purchases. Musk's proximity to then-US President Donald Trump initially seemed to benefit Tesla. However, their relationship soured, leading to a decline in Tesla's sales due to Musk's political views and Trump's actions.
The potential stock package, worth around $1 trillion under certain conditions, is expected to be decided at Tesla's annual meeting in November. Lars Moravy, Tesla's Vice President and Chief Engineer, is likely involved in the agreement over this unusual package.
Elon Musk's plans for Tesla's future involve robotaxis and robots, aiming to drive the company's growth. His wealth, primarily from Tesla and SpaceX shares, is estimated at $500 billion. Shareholders will soon vote on a potential stock package valued up to $1 trillion, with Tesla's Vice President and Chief Engineer, Lars Moravy, likely involved in the agreement.
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