What lessons can we take from Elon Musk being the world’s richest man?

The fact that Elon Musk is steadily becoming the world’s richest man means that, with some of the biggest challenges of mankind’s history facing the world, there is hope for humanity in the form of future-ready entrepreneurism. It is the future of sustainable technologies that have helped Musk reach these historic financial heights, and Tesla is commanding so much investor confidence as the company is at the forefront of battery technology, safety, and vehicle autonomy. Tesla is even leading the way in the future of driverless vehicles with plans to form the Tesla Network, so the upward trajectory of the company looks set to continue. Furthermore Musk has become this rich simply because he is the majority stake holder of Tesla, which demonstrates the huge investor interest in greener more sustainable technologies, so Musk’s riches are a result of the stock market eagerness to finance a more sustainable future.

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Elon Musk is "paper rich" as the result of massively over-inflated stock, investors are looking at Tesla's potential for growth over its current earnings, but even with Tesla "Gigafactories" being opened in China and Germany, stock valuations are too high to be sustained. In this way figures like Musk are snake-oil salesmen who produces no value, Tesla is severely limited in delivering on their vision of the future, limited by lithium, nickel and iron, the company produces very few cars and Musk's other endeavours are largely vanity projects. The fact that the world's two richest men are only getting richer during an economically catastrophic pandemic is a sign that we are entering a new era, one that is similar to the swinging 20s before the Great Depression. Musk continues to gain wealth as he represents a fatally delusional faith in capitalism, even as the world is collapsing around us in the wake of the damage caused by the search for eternal growth, Musk represents the head-in-the-sand blind faith of capitalist investment.

ccn.com/2-factors-why-sky-high-tesla-is-a-massively-overvalued-stock cleantechnica.com/2020/10/04/teslas-future-is-not-what-we-thought youtube.com/watch?v=MOtAZDjarAc