SpaceX, Elon Musk and Tesla
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Elon Musk, Trump and J.D. Vance
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Elon Musk revealed his biggest business mistake throughout the years. Now, the Tesla CEO has a different mindset about what matters most.
“Elon Musk is now personally worth 7,400,000 BTC,” Burnett wrote, adding, “The fastest way for Elon to hit $1 trillion would be to begin buying BTC in size. And he can continue using that capital as collateral to build space and AI companies, while the collateral continues to appreciate measured in USD.”
The Department of Motor Vehicles gives Elon Musk’s EV company 60 days to change how it promotes Autopilot and Full Self-Driving features or face a 30-day sales ban.
Earlier this month, Musk’s rocket maker SpaceX launched a tender offer valuing the firm at $800 billion, up from $400 billion in August
Tesla shares hit their highest in nearly a year on Monday after CEO Elon Musk said the electric-vehicle maker was testing its robotaxis without safety monitors in the front passenger seat.
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Is Elon Musk's Pay Package Really $1 Trillion? And What Could It Mean for Tesla's Stock?
Using Tesla's current shares outstanding (3.5 billion) and the market cap target suggests a share price of about $2,400. That's nearly 6 times the current share price, which is extremely ambitious. (Note that 424 million shares multiplied by $2,400 gets you to over $1 trillion.)
A video circulating online appeared to show a Tesla Model Y robotaxi with no safety monitor inside driving on Austin streets.
The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.