https://finance.yahoo.com/news/elon-musk-soars-past-warren-120446816.html The fortune of Tesla Inc.’s chief executive officer rose $6.1 billion on Friday, according to the Bloomberg Billionaires Index, after the carmaker’s stock surged 11%. Musk is now the world’s seventh-richest person, also ahead of tech titans Larry Ellison and Sergey Brin. The 49-year-old owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his $70.5 billion fortune. His majority ownership of closely held SpaceX accounts for about $15 billion. Shares of the electric-car maker have risen 269% this year. The company’s booming valuation helped Musk land a $595 million payday, making him the highest-paid CEO in the U.S. Musk is the latest tech entrepreneur to rise above Buffett in the ranks of the world’s richest. Steve Ballmer, the former Microsoft Corp. CEO, and Google’s co-founders Larry Page and Brin also have leapfrogged the Oracle of Omaha. And Indian tycoon Mukesh Ambani surpassed Buffett this week. Mike Novogratz, the longtime money manager who now runs digital currency investor Galaxy Digital Holdings Ltd., warned that valuations of technology companies are getting way too high and that small investors should get out of the market before it crashes. “We are in irrational exuberance -- this is a bubble,” he said Friday in a Bloomberg Television interview. “The economy is grinding, slowing down, we’re lurching in and out of Covid, yet the tech market makes new highs every day. That’s a classic speculative bubble.” Surpassing Buffett may be especially sweet for Musk. In an interview in May, he told comedian Joe Rogan that he wasn’t “the biggest fan” of his fellow billionaire. “He’s trying to find out does Coke or Pepsi deserve more capital? I mean that’s kind of a boring job, if you ask me,” Musk said. Buffett has also criticized Musk, saying last year that although Musk was “a remarkable guy,” he had “room for improvement” in behaving like a CEO, singling out his tweeting habits. Buffett’s fortune dropped earlier this week when he donated $2.9 billion to charity. The 89-year-old has given away more than $37 billion of Berkshire Hathaway shares since 2006. The company’s stock performance has also underwhelmed recently.
It will be a three way race between bezos, zuckerberg, and Elon to see who will be the richest Man In the future.
Shorting this stock is brutal. It is such a high conviction short that sticking with my stop losses has been painful. The stock is truly bullet proof. The market is ignoring this company's shenanigans. The deliveries are unbelievable. And, they have the admiration of idiot masses. It would take serious fraud allegations or a stock market crash to knock this stock down which does not seem to be in the cards.
The first trillionaire isn't going to be him or anyone else worth hundreds of billions today. We are a long long long long time away from anyone becoming a Trillionaire.....it looks like it can happen soon because of the historical nasdaw run thats putting billions in bezos and musks pockets but don't be fooled, its many many years away. Tesla is flying up on hopes and dreams. Its a car company that is being hyped up and bought by millenials. Will it be added to the s$p? Most likely yes, will it rally on the news yes. It will probably run straight to $2000 as earnings are announced in 2 weeks but let's be real here even the best earnings do no warrant a market capitalization of nearly $300 billion. I hope no one will be startled by a 40 or 50 or 75% stock drop in one of these high flying cant go down stocks. This time its not different....way too much hype in the tech sector, its an overcrowded trade because its the only trade that has worked, that will shift in due time. Go back 20 30 40 50 60 years and look at sector advancements and how they changed as the future progressed.
And many said it was a great short 1 year ago and before. Sure, it will be a great short - some day. Monday? Next month? Next year? Short at 1500? 2000? 5000+?