As Tesla Stock Rebounds, Elon Musk’s Fortune Surpasses $300 Billion Again
“I aspire to comedy,” Musk tweeted on Monday, just before the Model 3 Plaid tweet that pushed up his fortune by several billion dollars. It’s not clear what, if anything, Musk has done to make people laugh. . .
Musk’s fortune now stands at $300.8 billion, marking the second time he’s passed the previously untouched $300 billion net worth threshold. He first broke the barrier three weeks ago when rental car giant Hertz announced a massive Tesla order that sent Tesla’s market capitalization soaring past $1 trillion. Musk has also taken to Twitter in recent weeks to troll progressive politicians, like billionaire critic Senator Ron Wyden (D-OR), who responded to the poll. “Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll. It’s time for the Billionaires Income Tax,” the lawmaker wrote, meeting a crude response from Musk.
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Something shook Twitter-World yesterday
Elon Musk, world’s richest edgelord, responds to billionaire tax with another stupid tweet
Musk is definitely not mad, in fact, he’s laughing
Is it fair that the world’s richest people pay so little in tax? That in a time of extreme inequality, those that have so much contribute so little in proportion to their vast wealth? These are the questions motivating US Democratic Senator Ron Wyden, who’s been calling for new taxes on billionaires.
Is it fair that the democracy I live in might have some demands of me? How can I prove that I’m super edgy and totally unfazed by the prospect of paying more tax? These are the questions apparently motivating Elon Musk, who replied to a tweet from Wyden by asking why the senator looks like he’s just orgasmed in his profile picture.
Musk’s crude tweet caps a particularly interesting weekend for the world’s richest man, who didn’t seem to get the answer he wanted when polling the internet on the issue of wealth
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Senator Bernie Sanders (I-VT) found himself in the crosshairs too. “We must demand that the extremely wealthy pay their fair shares. Period,” Sanders recently tweeted. The next day, Musk took aim at the 80-year-old lawmaker: “I keep forgetting that you’re still alive,” Musk wrote in response. “Want me to sell more stock, Bernie? Just say the word…”
Musk remains the wealthiest person in the world, according to Forbes’ estimates, $95.3 billion richer than second place Jeff Bezos, who’s worth $205.5 billion as of Monday’s market close.
“I aspire to comedy,” Musk tweeted on Monday, just before the Model 3 Plaid tweet that pushed up his fortune by several billion dollars. It’s not clear what, if anything, Musk has done to make people laugh.
ADDENDUM: But Musk’s own tweets—and actions—derailed his financial ascent. Tesla’s stock took a hit two weeks after the Hertz order, when Musk asked millions of Twitter users if he should sell 10% of his estimated 23% Tesla stake—supposedly in the wake of a short-lived tax proposal on the unrealized stock gains of billionaires. Musk began unloading shares days later, shaving $61 billion from Tesla’s market value. So far, the chief executive has sold nearly $9 billion worth of Tesla stock, with about $3 billion of the sum going to cover a tax bill on stock options he’s been simultaneously exercising. Though his cash pile grew as a result of the sales, Musk’s overall net worth tumbled more than $50 billion before vaulting back above $300 billion on Monday.
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