Approaching $200 billion ($195B according to Bloomberg Billionaires Index, vs. Bezos’ $185B), he has blown his way past Bezos after Tesla shares surged north of $800 today. Its p/e ratio is now above 1,600 and accounts for more than 40% of the market capitalization of all the world’s automakers combined.
Brian Wang of NextBigFuture, who had correctly predicted Tesla’s successes, explains it in the short-term as a by-effect of the Dem wins in Georgia, which makes some form of the Green New Deal close to inevitable. Big new tax credits to come.
And this is just the beginning, according to Wang:
This is just the beginning. Tesla will be heading for another ten times increase in share price by 2025. SpaceX, Boring Company and Neuralink will become publicly traded and also will become trillion dollar or multi-trillion dollar companies.
Personally, I think Tesla is a ridiculous bubble at this stage (but sure, obligatory reminder about rationality and solvency).
Though I am strongly bullish on SpaceX, and do think there’s a very good chance that that is what makes Musk into the world’s first trillionaire. That is because SpaceX has unique technologies to fling things into space at massively cheaper prices, this very fact is going to expand the market space launches, and the whole thing is going to become turbocharged by the multiplicate monetization potential of Starlink. State-backed competitors in China and Russia are at least a decade away from replicating the reusable rocketry that SpaceX already has.
Conversely, is there really room for Amazon to grow much further? It was obviously turbocharged by the pandemic, but that’s going to go away in 2021, while unionization pressures may crimp profits. So I don’t see Bezos being a likely candidate for trillionairehood, unless Blue Origin can become a strong competitor to SpaceX.