Category Archives: Elon Musk

FOX Business' Susan Li and Constellation Research CEO Ray Wang discuss Elon Musk being chosen as Time's 2021 Person of the Year and Apple set to become the first $3 trillion company.

There is no disputing that Elon Musk and Jeff Bezos are among the wealthiest people on the planet. However, because the personal fortunes of these two self-made billionaires are dependent on their stakes in their companies and other investments, their net worths can rise and fall with the stock market. However, here's what we know about who the richest person in the world is, as of December 2021.

Although Forbes named Jeff Bezos as the richest person in the world in October 2021 with an estimated net worth of $177 billion, by December 2021, just two months later, Elon Musk had surged ahead. Forbes estimated that the Tesla CEO had added another $110 billion to his personal wealth at the end of 2021, due to several factors, including increases in Tesla's stock price and SpaceX's valuation. This now makes Musk, not Bezos, the current richest person in the world, with a net worth that's thought to be somewhere around $266 billion.

SpaceX founder and Tesla CEO Elon Musk is reported to have added $110 billion to his personal fortune at the end of 2021. (Reuters Photos)

While he might have been recently booted out of the top spot by Elon Musk, Jeff Bezos is currently the second-richest person in the world by several outlets' calculations. His personal net worth at the end of 2021 is thought to be around the $196 billion mark not too shabby for someone who stepped down from his role as Amazon CEO in July 2021 after 27 years of leading the company.

For a brief period of time in 2021, French businessman Bernard Arnault reportedly made the leap to the second-richest person position, and even had a few weeks in the number one position, before dropping back down to number three.

Jeff Bezos is still one of the richest people in the world despite stepping down as Amazon CEO in mid-2021. (Associated Press / AP Newsroom)

COULD JEFF BEZOS BECOME A TRILLIONAIRE?

Following Musk and Bezos, the next richest people in the world are estimated to be, as of December 2021:

CLICK HERE TO READ MORE ON FOX BUSINESS

More:

Who is the richest person in the world: Elon Musk or Jeff Bezos? - Fox Business

Elon Musk, the richest man in the world, took Twitter by surprise when he tweeted about his modest beginning. The Time Magazines Person of The Year, Musk, who is known for his online brawl with politicians who target him over taxes, tweeted about his humble beginnings.

The founder of Tesla and SpaceX was responding to a tweet that was acknowledging his efforts towards increasing American exports.

I came to the US with no money & graduated with over $100k in debt, despite scholarships & working 2 jobs while at school, Musk wrote in a response to the tweet.

The user went on to say, For some reason, its not really cool to appreciate it these days, but he has done more for this country than any of our moronic political leaders.

Musks tweet comes close on the heels with his recent Twitter brawl with US Senator Elizabeth Warren who accused him of freeloading. The exchange of incisive tweets between Musk and Warren went viral, with many supporting Musk.

Read more here:

Elon Musk in flashback mode, recalls he came to the US with no money and graduated with over $100K debt - Economic Times

Elon Musk could become a trillionaire. Here's what that means.

Elon Musk could become the world's first trillionaire. Here's what that means.

Staff video, USA TODAY

At the end of each year, the internet buzzes with speculationabout who Time magazine will pick as its much-anticipated Person of the Year.

A Dec. 16 Facebook postclaims the magazine made a somber choice this year.

The post seemingly shows the cover ofa Person of the Year issue depicting the caskets carrying 13 American service members killed in Afghanistan in August. Accompanying text says "the men and women Biden failed in Afghanistan" are the magazine's choice.

The post received more than 1,000 likes and400 shares in a day.

But it's not a real cover. Time chose billionaire entrepreneur Elon Musk as its Person of the Year.

Special access for subscribers!Click here to sign up for our fact-check text chat

USA TODAY reached out to the Facebook user who shared the post for comment.

Thirteen U.S. service membersdied Aug. 26 in a suicide bombing attack outside Kabul'sHamid Karzai International Airport, where thousands attempted to flee after the Talibantook overAfghanistan.

Among those killedwere 11 Marines,one Navy hospital corpsman and one Army soldier, according to the Pentagon. The Biden administration was heavily criticizedfor its handling of the situation.

But Time didn't highlight that event with its Person of the Year selection.

The magazine announced Musk,CEO of Tesla and SpaceX, as its pick for the 2021 Person of the Year on Dec. 13.

"Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too,"wrote Time Editor-in-Chief and CEO Edward Felsenthal. "In 2021, Musk emerged not just as the worlds richest person but also as perhaps the richest example of a massive shift in our society."

The image in the altered Time cover posted on Facebook was sharedAug. 29 by the U.S. Marine Corps' Twitteraccount.

Fact check: Image claiming to show Musk and Maxwell as Time's Person of the Year is altered

Time's Person of the Year covers are frequently altered. USA TODAY has previously debunked fake covers of now-former President Donald Trump, Ghislaine Maxwell, AdolfHitler,China's Xi Jinping and pandemic health care workers.

Based on our research, we rate ALTERED a photo claiming to showthat Time magazine's 2021 Person of the Year is "the men & women Biden failed in Afghanistan."Time chose billionaire entrepreneur Elon Musk as its person of the year, not the 13 U.S. service members killed in Afghanistan in August.

Thank you for supporting our journalism.You cansubscribe to our print edition, ad-free app or electronic newspaper replica here.

Our fact-check work is supported in part by a grant from Facebook.

Go here to read the rest:

Fact check: False claim that Time chose fallen service members as Persons of the Year - USA TODAY

Elon Musk says that Tesla plans to invest over $10 billion in Gigafactory Texas and will eventually employ 20,000 workers.

Tesla is expected to start Model Y production at Gigafactory Texas in Austin any day now.

The new factory is critical to Teslas expansion plans in the US.

Currently, Tesla sells every car it can make in the US, and it has delivery timelines of close to a year out for some of its most popular vehicles.

All Tesla vehicles currently sold in the US are made at its Fremont factory in California, which can produce about 500,000 electric vehicles per year.

Gigafactory Texas is expected to more than double this output once its fully ramped up, but thats a few years away.

The automaker is going to start with Model Y, which is Teslas most popular vehicle, at the new factory.

Tesla has been guiding a start of production by the end of the year.

With the imminent start of production in the background, there have been talks about the ~$60 million in incentive that the local government gave Tesla to build the factory in Austin.

On Twitter, CEO Elon Musk responded by claiming that Tesla plans to invest as much as $10 billion in the factory over time and directly employ over 20,000 people:

Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs.

Recent filings revealed that Tesla was spending $1 billion on the project, but thats just for the phase of the new factory.

Once Tesla deploys Cybertruck and Tesla Semi production at the factory, the investment is expected to greatly expand.

Furthermore, the automaker recently officially moved its headquarters at the site, which is expected to expand beyond manufacturing operations over time.

Tesla had previously mentioned 10,000 employees, but now Musk suggests that Tesla will directly employ as many as 20,000 people. Worldwide, Tesla now has over 100,000 employees.

Heres the latest drone flyover of the construction project as of yesterday, December 15:

FTC: We use income earning auto affiliate links. More.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Read the rest here:

Elon Musk: Tesla plans to invest over $10 billion in Gigafactory Texas, employ 20,000 workers - Electrek.co

Dogecoin (CRYPTO: DOGE) traded 2.13% lower at $0.16 over 24 hours leading up to early Monday morning.

Whats Moving? The meme cryptocurrency has fallen 0.83% over a seven-day trailing period.

Against major cryptocurrencies, Bitcoin and Ethereum, DOGE fell 1.55% and 0.18% over 24 hours, respectively.

Since the year began, DOGE has shot up 2804.75%. It has fallen 29.99% over a 90-day period and lost 35.68% of its value in the last 30 days.

DOGE touched an all-time high of $0.74 in May. At press time, it traded 77.63% below that level.

See Also: How To Buy Dogecoin (DOGE)

Why Is It Moving? DOGE traded lower in tandem with other major coins as the global cryptocurrency market capitalization fell 0.91% to $2.24 trillion.

DOGE was included in the list of Top 10 Mentions on Twitter compiled by Cointrendz at press time. It attracted 1,492 tweets.

The top three mentioned coins were Bitcoin, Solana, and Ethereum. They attracted 8,356, 4,236, and 3,719 tweets respectively.

Some cryptocurrency analysts are calling a Bitcoin bottom even though concerns surrounding Omicron, the latest variant of COVID-19, persist.

The key support level for DOGE is 16 cents, while it faces resistance above at 19 cent and 21 cent levels, wrote Benzingas Melanie Schaffer.

Dogecoin-focused Twitter handle Mishaboar said on Twitter that the main concern surrounding the meme coin was the low number of transactions conducted rather than the price action.

Mishaboars tweets caught the attention of Dogecoin core developer Ross Nicoll who said that if the concern regarding empty blocks would go away that would be nice.

Meanwhile, Dogecoin bull and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk indicated support for a Cybertruck electric vehicle featuring a DOGE logo over the weekend.

On Sunday, Musk agreed with Dogecoin co-creator Billy Markus on Twitter that Dogs are Awesome.

Read Next: EXCLUSIVE: Dogecoin Millionaire Is Now A Floki Inu Viking: Here's Why He Loves FLOKI!

View post:

Elon Musk Tweets About Dogecoin But Meme Coin's Price Refuses To Budge: What's Going On? - Benzinga - Benzinga

Elon Musk called Sen. Elizabeth Warren "Senator Karen" on Tuesday after the Massachusetts Democrat took aim at Time Magazine naming the billionaire Tesla CEO as its 2021 Person of the Year.

Driving the news: Warren tweeted after Musk was announced by Time on Monday, "Let's change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else." Musk retorted in a tweet to Warren saying, "Stop projecting!"

Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free

"You remind me of when I was a kid and my friends angry mom would just randomly yell at everyone for no reason," Musk continued.

"Please don't call the manager on me, Senator Karen," Musk added in another Twitter jibe, using the slang term for a white woman perceived as entitled.

"And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year," Musk added in another tweet.

Between the lines: It's unclear how much tax Musk has paid since such matters are generally private, but he's offloaded billions of dollars of his Tesla stock in recent weeks.

The sales are part of a plan to exercise some of his vested stock options that will expire next year, and to sell some holdings to cover tax obligations, Axios' Kia Kokalitcheva notes.

The big picture: Musk surpassed Amazon chief Jeff Bezos as the world's richest man earlier this year.

Go deeper: Why it's so hard to tax wealth

Editor's note: This article has been updated with more comment from Musk and further context.

Like this article? Get more from Axios and subscribe to Axios Markets for free.

Read more from the original source:

Elon Musk responds to Elizabeth Warren's "freeloading" tax ...

As Townhall reported Monday, entrepreneur Elon Musk was named Person of the Year by TIME Magazine and liberals had a pretty big meltdown over the fact.

Among those attacking TIME Magazine and Musk himself was none other than U.S. Senator Elizabeth Warren (D-MA). By suspending reality and ignoring the individuals employed and taxes paid by Musk's companies, Warren called for Congress to "change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else."

Sure, Liz. Musk is the freeloader for... what exactly? Employing tens of thousands of people? Spurring a wave of investment and activity in a new American space race? Allowing NASA astronauts to again lift off from U.S. soil? Achieving popularity and success for electric vehicles? Warren's claim is nonsense, of course, but that hasn't stopped her before.

Musk could have ignored Warren's lazy and lame attempt to smear his name in order to win political points, but as something of a happy warrior, he went all in with a flurry of replies on Tuesday afternoon that reminded the Twitter-verse that Warren is pretty much the last person to be calling anyone out for their life or career choices.

"Stop projecting!" Musk tweeted along with a link to a story about how Warren got caught lying about her Native American ancestry in order to advance her own ambitions.

Musk followed up his reply by pointing out Warren's snark is reminiscent of his "friend's angry Mom" who "would just randomly yell at everyone for no reason." Another good point.

And, just for good measure, Musk tweeted one more reply calling Warren "Senator Karen."

Short of calling Warren "Fauxcahontas," it's art. And good on Musk for clapping back at Warren's lazy attack that proved again her grasp on reality is tenuous at best.

Musk, the person Warren said is "freeloading," faces a tax bill of more than $15 billion yes $15,000,000,000.00 according to a November report from CNBC, which makes one wonder how much more than $15 billion Warren thinks would be Musk's fair share.

The fact is that Musk has created more jobs and spurred more investment and innovation in his life than Warren ever will, and she should be applauding entrepreneurs who take risks greater than her attempt to win the Democratic nomination for president.

Warren's salary is paid by American taxpayers, and her track record of big government policies makes her legacy one of freeloading while helping others freeload. While Warren has been creating opportunities for taxpayer-funded bureaucrats, Musk is creating jobs in the free market and building a better economy than a government desk jockey could ever create.

Visit link:

Elon Musk Destroys Elizabeth Warren with Just 3 Tweets

Fox News host Kayleigh McEnany revealed she is impressed with Tesla CEO Elon Musk for being open about his opinions that cut against the Washington establishment and said she hopes he would consider a political future on "Hannity" Thursday.

"I think when you look at wokeism which is a very powerful drug this is a man who said, 'I'm not going to be a billionaire elite. I'm not going to just say what is woke, say what is liberal, say what is expected of me. I'm going to just be me.' And he's doing just that," the former White House press secretary said.

Elon Musk attends TIME Person of the Year on December 13, 2021 in New York City. (Photo by Theo Wargo/Getty Images for TIME)

McEnany was responding to a recent feud that has broken out between Musk and Sen. Elizabeth Warren, D-Mass.

The rift began when Warren took a shot at Musk after he won Time's "Person of the Year."

Warren said, "Lets change the rigged tax code so Person of the Year will actually pay taxes and stop freeloading off everyone else."

Musk responded by calling her "Senator Karen" and adding that Warren reminds him of his friend's "angry" mom from his youth who would yell at the drop of a hat.

McEnany praised Musk for "cutting through the noise" and "holding a powerful senator accountable."

When Joy Reid hopped in the game to defend Warren, slamming Musk for being a "selfish and disrespectful" freeloader, the SpaceX founder clapped back saying, "(Lack of) Joy Reid is a lobbyist for Sen Karen."

MSNBC's Joy Reid interviews Sen. Elizabeth Warren on Dec. 15, 2021, on feud with Elon Musk. (MSNBC)

McEnany said that America needs more outsiders to cut through the swamp's vertical.

"I was in the swamp. I happened to work for a non-politician President Donald J. Trump, the greatest president of our time. We need more people like Elon Musk getting in the game, and he might just be doing that."

Former President Donald Trump introduces Kayleigh McEnany during 2020 campaign rally on October 19, 2020, in Prescott, Arizona. (Photo by Caitlin O'Hara/Getty Images)

"So hey, Elon Musk, you may have a political future. We need more people like you, entrepreneurs in the swamp. It takes a lot of courage to go there and leave what's comfortable, and he may be doing that."

"He's done the same with Bernie Sanders. I am so impressed by him," she added.

Musk responded to a Sanders tweet that called for the "extremely wealthy to pay their fair share."

"I keep forgetting that youre still alive," Musk said. "Want me to sell more stock, Bernie? Just say the word."

CLICK HERE TO GET THE FOX NEWS APP

McEnany also raised that Musk criticized President Biden's Build Back Better agenda. He said, "[C]an the whole bill. Dont pass it, thats my recommendation."

"He's one of the most interesting people in America," McEnany concluded.

Continued here:

Kayleigh McEnany has message for Tesla CEO: Hey, Elon Musk, we need more entrepreneurs in the swamp - Fox News

1. Elon Musk Enters the Home Stretch of His Tesla Share Sales  Bloomberg
2. Elon Musk Sells Tesla Stock Again. He Owns More Than He Did When He Began.  Barron's
3. Elon Musk's stock sales could total $18 billion by the end of year  CNBC
4. Elon Musk offloaded more Tesla shares for $884 million as the stock slid, bringing his selling spree to $14 billion  Markets Insider
5. Why Elon Musk has sold nearly 12 million shares in Tesla's stock  Fortune
6. View Full Coverage on Google News

View original post here:

Elon Musk Enters the Home Stretch of His Tesla Share Sales - Bloomberg

Its no secret that Tesla founder and Time Magazine Person of the Year Elon Musk is a controversial figure, and on todays episode of The View, Sunny Hostin sparred with her co-hosts while coming to his defense.

I know hes deeply unpopular around the world, but if you think about the work he has done, hes a different type of gazillionaire, she said as they discussed the Time news. He has sort of reshaped life on this planet in terms of climate change, not only for his work in space, but also for his work on electric cars.

Hostin added that Musk has given around $100 million to climate change initiatives, and his ventures have spanned everything from internet startups to sustainable energy to artificial intelligence.

When you think about those good things that hes done, I think thats really important. I think its very different from some of the other billionaires in the space, she added. Because if we think that climate change is the greatest existential threat that were facing, hes addressing that So yes, not paying taxes, but doing [that] I think hes saving the world,

While Sara Haines added that two things can be true, she wasnt sold on Musks work. [His net worth is] $290 billion, she pointed out. For generations, your family could never spend that money, and there are people that cant eat today. Give some to people, and pay your taxes.

Hes a vocal opponent of increased taxes on the rich, including government involvement at all in his financial assets, Joy Behar said. Are you American, or are you some kind of space cadet? Go back to Mars.

The View airs weekdays at 11/10c on ABC.

Where to watch The View

See the article here:

Sunny Hostin Spars With 'The View' Hosts Over Elon Musk: "I Think Hes Helping Save The World" - Decider