General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe wealth of Musk vs Beezos
Jeff Beezos owns a massive company, the largest retailer in the world, with revenue of half a trillion dollars and gross profits of $100 billion. It's stock PE is around 49, which is on par with Walmart the other giant retailer. (47)
Tesla's profits are around $17 billion on $90 billion in total revenue. PE is 129, 15x that of other car companies like Toyota, Honda and Ford
What I see here is a grossly over inflated stock that is priced 10 to 20 x what it is worth. His company is seeing a market that is growing very competitive, and has just brought out a failure of a new vehicle (the Cybertruck) and none of his promised innovations are going to bare fruit.
His wealth is largely based on Tesla stock. At some point Musk will see his company's stock taking a nose dive and his worth plummeting.
Polybius
(18,402 posts)Disagree. I think he becomes a trillionaire.
WarGamer
(15,769 posts)He may already be... if he took SpaceX public he certainly would be.
A HERETIC I AM
(24,635 posts)So if it held that value if and when it goes public, and given the current share price of Tesla, he sill wouldn't get to a trillion. If it goes public he won't own the entire thing.
https://www.theguardian.com/science/2024/dec/11/spacex-valued-at-350bn-as-company-agrees-to-buy-shares-from-employees
SergeStorms
(19,339 posts)from his "X" platform.
Yo_Mama_Been_Loggin
(116,569 posts)Bezos however is the largest shareholder
WarGamer
(15,769 posts)The "failed" cybertruck still outsells every other (non Tesla) EV, not just EV truck... on the market.
edhopper
(35,064 posts)And cybertruck orders are way down
https://electrek.co/2024/12/02/tesla-shuts-down-cybertruck-production-for-3-days-at-critical-time-for-the-company/
BannonsLiver
(18,220 posts)They are always watching.