1st $500B man...

[Trav]

The question is if the stock crashed tomorrow how much cash will he have when the company was liquidated?

According to Tesla's latest financial reports the company has $78.07 Billion USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Do the math. The real worth of anything is what it can be turned into cash today not in the never never.

According to Mercedes-Benz's latest financial reports the company has $108.11 Billion USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

 

[Dave Hess]

I’m at all time highs.

Let’s keep it going up and up.

 

[JeffKeryk]

The question is if the stock crashed tomorrow how much cash will he have when the company was liquidated?

Do the math. The real worth of anything is what it can be turned into cash today not in the never never.

Certainly the bulk of Musk's net worth is in his TSLA stock holdings. His net worth without his Tesla holdings is not publicly available in the provided sources, like most people.

His net worth is also influenced by his ownership in other companies, most notably SpaceX.

• Tesla: A major player in electric vehicles, battery energy storage, and solar power.
• SpaceX: Focuses on space transportation, including rocket and spacecraft development.
• X (formerly Twitter): The social media platform that Musk acquired and rebranded.
• The Boring Company: A company specializing in tunneling to alleviate traffic congestion.
• Neuralink: A neurotechnology company working on brain-computer interfaces. My favorite Musk company.
• xAI: An artificial intelligence company founded by Musk.

Like most investors, one would imagine Musk has a foundation of securities to fall back on, just in case.
He sold his seven California mansions in 2020, and now lives in a small, modest home in Boca Chica, Texas, which he rents from SpaceX. There are also reports of him acquiring multiple properties in the Austin area to house his children and their mothers, though he continues to maintain a minimalist lifestyle compared to other billionaires.

Maybe Elon's a cheapskate? Dunno.

 

[Al]

Show someone who hates rich people and I'll show you someone (posters on this thread) that are unhappy that he is rich and they aren't.

All that hate isn't good for your health. Let it go. IMO secretly you're miffed that by the time Tesla cars reach your prefered vintage they'll all be bricks.

This

 

[Al]

Amusing to see Elon living rent free in people's heads, that have no chance of owning one of his cars.

lol

 

[97prizm]

Show someone who hates rich people and I'll show you someone (posters on this thread) that are unhappy that he is rich and they aren't.


This

No no. I have no problem with people becoming wealthy. I do have a problem when Musk blatantly lies and tells the public and stockholders that "They're oh so close to autonomous driving" for 12 years. And that "Teslas are 1000 times safer than you driving " when Forbes has pulled accident data for years and shows that this is a blatant lie. Or as the Musk faithful call it "overly optimistic " . There's a huge difference. I triple dare anyone on here to market and sell a product and tell customers for over a decade that "next year " it'll do what they said it would. Don't you think the engineers at Tesla knew that the Cybertruck wouldn't tow what Musk claimed, wouldn't have the range nor bed capacity? I guarantee they did yet Musk continued his wild claims and specs. I don't like ceo's who lie. Mercedes has
SAE level 3 driving on the ground now Why can't Tesla do it?

 

[Trav]

Amusing to see Elon living rent free in people's heads, that have no chance of owning one of his cars.

Why no chance of ever owning a Tesla? I could buy one today without any financial hardship as could quite a few others on this forum, fact is I don't want one at any price. I find them poorly built, have a mundane grocery getter designs, a cheap as you can get interior (minimalist = cheap) and are well over priced.
As far as Musk goes I couldn't car less if he has $50 or 500 billion it does nothing for me either way. I do not like his global political meddling. Nuff said.

 

[SwampSurvivor]

Why no chance of ever owning a Tesla? I could buy one today without any financial hardship as could quite a few others on this forum, fact is I don't want one at any price. I find them poorly built, have a mundane grocery getter designs, a cheap as you can get interior (minimalist = cheap) and are well over priced.
As far as Musk goes I couldn't car less if he has $50 or 500 billion it does nothing for me either way. I do not like his global political meddling. Nuff said.

Well said on all accounts!

 

[demarpaint]

Why no chance of ever owning a Tesla? I could buy one today without any financial hardship as could quite a few others on this forum, fact is I don't want one at any price. I find them poorly built, have a mundane grocery getter designs, a cheap as you can get interior (minimalist = cheap) and are well over priced.
As far as Musk goes I couldn't car less if he has $50 or 500 billion it does nothing for me either way. I do not like his global political meddling. Nuff said.

+1 I feel the same way.

 

[dogememe]

Just asking but if Tesla is so great why is Mercedes Benz the only company with certified level 3 sae driving capability In the USA? If its so easy shouldn't Tesla be able to get level 3 no problem? Just asking. When you have enough money you can make up and say anything you want. Keep in mind 30 years ago if someone said Sears would be gone people would have laughed. Now where are they ... Gone?

I know very little about MB's system but Google led me to this: https://www.mbusa.com/en/owners/manuals/drive-pilot
Basically it requires perfect conditions and pre-mapped highways. No rain, no construction zone, etc. Plus those cars start at $100K. Meanwhile my Tesla has a ~$40K MSRP and drove me from Napa to Sacramento at night in the rain through various lane closures and construction zones and then back the next day with more rain. And a Tesla can do that anywhere in the US, while MB's thing only works on a few highways in California and Nevada.

 

[97prizm]

I know very little about MB's system but Google led me to this: https://www.mbusa.com/en/owners/manuals/drive-pilot
Basically it requires perfect conditions and pre-mapped highways. No rain, no construction zone, etc. Plus those cars start at $100K. Meanwhile my Tesla has a ~$40K MSRP and drove me from Napa to Sacramento at night in the rain through various lane closures and construction zones and then back the next day with more rain. And a Tesla can do that anywhere in the US, while MB's thing only works on a few highways in California and Nevada.

Be careful. Tesla continues to have the highest accident rates per mile driven than any other manufacturer.
https://www.forbes.com/sites/steveb...-the-highest-accident-rate-of-any-auto-brand/

 

[JeffKeryk]

Why no chance of ever owning a Tesla? I could buy one today without any financial hardship as could quite a few others on this forum, fact is I don't want one at any price. I find them poorly built, have a mundane grocery getter designs, a cheap as you can get interior (minimalist = cheap) and are well over priced.
As far as Musk goes I couldn't car less if he has $50 or 500 billion it does nothing for me either way. I do not like his global political meddling. Nuff said.

Yep, each to his/her own. I bought the 1st car in Dec 2018 as a gift to wifey. Little did I know just how good this car would be for my use case. Plus, there are zero cars as fun to drive anywhere near the money. Now the new M3P Highland is on another level; that's the numbers, not opinion.

But these cars are different; they are not trying to be like other cars. They are not for everyone, for sure. Having said that, the big name German cars are sure following Tesla's leadership, especially with tech. And no, I am not talking about buttons. I am speaking to the Neue Klasse "Heart of Joy" and MBZ AMG GT tech first design.

Maybe Tesla better get that Roadster II back on track...

We are in alignment on the last part of your post.

Here the M3P spanks the much more expensive BMW M3 CS, and the Tesla was in track mode which limits the power.

 

[Trav]

Yep, each to his/her own. I bought the 1st car in Dec 2018 as a gift to wifey. Little did I know just how good this car would be for my use case. Plus, there are zero cars as fun to drive anywhere near the money. Now the new M3P Highland is on another level; that's the numbers, not opinion.

But these cars are different; they are not trying to be like other cars. They are not for everyone, for sure. Having said that, the big name German cars are sure following Tesla's leadership, especially with tech. And no, I am not talking about buttons. I am speaking to the Neue Klasse "Heart of Joy" and MBZ AMG GT tech first design.

Maybe Tesla better get that Roadster II back on track...

We are in alignment on the last part of your post.

Here the M3P spanks the much more expensive BMW M3 CS, and the Tesla was in track mode which limits the power.

Who cares what it can spank? Performance does not compensate for its penalty box appearance. JMHO.
I wish you would quit with these foolish and pointless performance comparisons, in most countries there are draconian speed limits, speed cameras and insurance companies who push your premium through the roof with every ticket to say nothing about points on your license. Roadster II? Another one of musk misbegotten fantasies not even worth talking about.

 

[JeffKeryk]

Who cares what it can spank? Performance does not compensate for its penalty box appearance. JMHO.
I wish you would quit with these foolish and pointless performance comparisons, in most countries there are draconian speed limits, speed cameras and insurance companies who push your premium through the roof with every ticket to say nothing about points on your license. Roadster II? Another one of musk misbegotten fantasies not even worth talking about.

The BMW M3 is a performance sedan. The Tesla Model 3 Performance is another. So do you have a problem with both cars? Asking for a friend...

My thread was about someone making it in business; that's why I put it under General. Some chose to use my thread to bash Tesla cars; the cars are a different topic. I just post numbers to show others they are mistaken.

If Teslas were as bad as you say, why are the legendary car companies following their lead? You sure post a lot for someone who doesn't care. By the way that's fine with me. I don't own this forum; I welcome your point of view.

 

[Trav]

You don't get it at all! People usually buy performance cars and super cars for their looks and the sound why else would ev makers be putting fake sounds in their cars. The Tesla didn't spank the BMW it was close, the difference is the BMW is a car with real history by one of the worlds best and most respected car companies.
In what ways are other companies following Tesla? Giga casting? No many companies want anything to do with it because of the many downsides to it. Electric motors? Batteries? Even Tesla uses BYD blades in some cars. Since you seem to be in this sort of foolishness..

 

[JeffKeryk]

You don't get it at all! People usually buy performance cars and super cars for their looks and the sound why else would ev makers be putting fake sounds in their cars. The Tesla didn't spank the BMW it was close, the difference is the BMW is a car with real history by one of the worlds best and most respected car companies.
In what ways are other companies following Tesla? Giga casting? No many companies want anything to do with it because of the many downsides to it. Electric motors? Batteries? Even Tesla uses BYD blades in some cars. Since you seem to be in this sort of foolishness..

Tesla does not put fake engine sounds in their cars; wrong again. But my friend's drop dead gorgeous $165K BMW i8 does. I think the new AMG GT EV does too; it's a paltry $230K.

By the way, how much do those other cost in comparison to the Tesla? Once again, you just made my case.
The BMW runs 0-60 in 2.8 seconds; the Tesla matched it. Pretty close race. Now the Plaid would have smashed the BMW for less $$.

Read about the "Heart of Joy". You will understand how the legendary companies are following Tesla design.

 

[Trav]

No, not wrong again show me where I said Tesla is using fake engine sounds, I said...

why else would ev makers be putting fake sounds in their cars.

That is true you just gave some examples.

 

[JeffKeryk]

No, not wrong again show me where I said Tesla is using fake engine sounds, I said...

That is true you just gave some examples.

Ah ha you do think Teslas are better than BMW and MBZ! By the way, the i8 is a hybrid. It doesn't go too far on pure electricity. But it is simply beautiful... My friend has offered to let me borrow her's for the day; I couldn't... Too rich for my blood.

Do you like my neighbor's gorgeous Taycan?

 

[Trav]

Great looks and the classic Porsche shape sure I like it.

 

[Danno]

Why no chance of ever owning a Tesla? I could buy one today without any financial hardship as could quite a few others on this forum, fact is I don't want one at any price. I find them poorly built, have a mundane grocery getter designs, a cheap as you can get interior (minimalist = cheap) and are well over priced.
As far as Musk goes I couldn't car less if he has $50 or 500 billion it does nothing for me either way. I do not like his global political meddling. Nuff said.

For the record, I don't think Elon lives rent free in your head Trav. Other folks posting here, yup.