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TopicThe top 10 wealthiest people in the world today
Shadow_Don
08/14/22 9:38:44 AM
#44:


pinky0926 posted...
I'm ignorant of things but I don't understand why elon is so fucking rich. Like, people aren't buying that many teslas, his space program is surely costing money and not making it. How

His wealth is almost entirely in Tesla stock which is highly overvalued. He is not cash rich like some of the other people on the list.

If he tried to pull that money out of Tesla stock then the stock would plummet in the middle of the process to the point that he probably wouldn't be on the top 10 anymore.

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It's not nearly as great as you think it is. Literally nothing SpaceX does solves the problem of Mars or cheaper space travel. The reusable rocket stuff is still expensive as fuck and is only marginally cheaper than disposable rockets. Like it's great that we don't have to send people into space hitching a ride with the Russians but that's about it.

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