Elon Musk's future prediction about his business

Elon Musk is doing just fine His stakes in SpaceX, Tesla, and other concerns have made him the second-richest man in the world He owns a global social network of awesome power Hes procreating zealously

Why it impacts Musk attained his current mesospheric heights in large part by clinging to a Great Man narrative that credited him with numerous wildly optimistic future successes in addition to all of his past successes

That narrative, naturally, annoyed a lot of people who didnt much like Musk, or the narrative he was leaning into

Those people have been positively gleeful for the past few months, as Musk was forced to buy Twitter, where ever-mounting chaos, combined with problems at Tesla, resulted in 200 billion being wiped off Musks net worth

Be wise Schadenfreude is the name of the odour permeating this weeks headlines Elon Musk and the troubled potential House speaker Kevin McCarthy amassed foes as they rose to power

Those adversaries are now thoroughly relishing their sharp decline in powerHowever, in Musks case, the decline of Tesla stock and subsequently, his net worth is, in truth, not quite as exceptional as the haters might wish, and certainly isnt some sort of once-in-a-century occurrence

Tesla has fallen 73 from its peak, roughly in line with Meta formerly Facebook, which has fallen 67 Stocks like Zoom, which is down 89, and Beyond Meat, which is down 95, are significantly outperforming it

Meanwhile, Musks other big company, SpaceX, is holding firm to its valuation of around 140 billion

In terms of valuation, Tesla is still trading at 34 times earnings, while Metas PE ratio is a mere 12 The number for Teslas strongest competitor, Ford, is barely over 5

Next : Long Before Johnny Depp, THIS HEARTTHROB Had a Leading Role in Disney’s ‘Pirates of the Caribbean’
Read More