Elon Musk BioSnap

Musk's $500B Milestone: Tesla Triumphs, Twitter Tangles, and the Future of AI & Bots


Listen Later

Elon Musk BioSnap a weekly updated Biography.

Hot off perhaps the biggest week of his career Elon Musk is everywhere again and if the headlines are anything to go by he is, for better or worse, making history and controversy all at once. According to the Times of India and Forbes this week Musk became the first person to ever top half a trillion dollars in net worth, crossing $500 billion after a year of surging Tesla stock and persistent hype around his stakes in SpaceX and xAI. This milestone, besides its sheer numerical shock, underscores Musk’s enduring status as the world's richest and arguably most influential tech entrepreneur. Industry analysts and investors say those Tesla gains are thanks in part to him redirecting focus from bombastic politics back to business—a move Wall Street has welcomed as Tesla experiments beyond electric cars into AI, robotics, and even cryptocurrency.

Tesla’s own wild ride hit a new peak, with the company unexpectedly reporting a 7 percent jump in quarterly sales, credit in no small part to Americans scrambling for a $7,500 EV tax credit before it expired—just the kind of Musk-fueled last-minute drama that keeps Tesla in the news. Yet despite this sales spike, not everyone’s convinced it means a true comeback, as Rivian and other rivals outpaced Tesla’s growth and the stock price actually ended a record day with a 4.5 percent drop. According to Fortune, even prominent Tesla fans like Dan Ives urged caution, citing ongoing demand issues and brand backlash linked to Musk’s own social media antics. To that end, X—the artist formerly known as Twitter—remains a source of friction and spectacle. Musk just announced he cancelled his Netflix subscription after a spat over negative comments about him, and the ripple was felt in a trending cancellation wave, as reported by multiple accounts on X itself.

Meanwhile Tesla’s board is courting controversy with a proposed trillion-dollar pay package for Musk, drawing condemnation from figures like New York State Comptroller Thomas DiNapoli, who this week urged investors to reject what he called excessive and distracting compensation. The Board Chair herself said in a Bloomberg interview she’s unsure if Musk’s polarizing politics are helping or hurting Tesla’s bottom line—hardly a vote of confidence as the company faces European protests, a lingering sales plunge overseas after Musk praised far-right politicians, and Musk himself trended for incendiary remarks about U.K. and German leaders.

On the product front, video streams of the Optimus Gen 3 robot blew up social media as the new Tesla bot threaded needles and danced on cue, fast-forwarding from its infamous stumble across the stage in 2022. Musk continues hyping this play for mass-market robotics, saying it could soon eclipse Tesla’s car revenues entirely. And then there’s Neuralink: Musk announced that eight people now use his brain chip daily and revealed that next year he expects to test a “blind sight” implant letting people who’ve lost their nerves and eyes see again—pushing the edge of medicine and science fiction alike. Add ongoing rollouts of driverless robotaxis, plans for multi-city launches despite recent technical hiccups, and bold interviews laying out visions for AI-powered everything, and it’s plain why the Musk story is, if nothing else, never dull and certainly far from finished.

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI
...more
View all episodesView all episodes
Download on the App Store

Elon Musk BioSnapBy Inception Point Ai