In 2017, Musk founded The sasol south africa ltd Boring Company to address traffic congestion by constructing underground tunnels. Despite its name, The Boring Company is far from dull, actively working on solutions to improve urban transportation. The Las Vegas Convention and Visitors Authority approved a $48.6 million proposal from The Boring Company in March 2019 to build an underground tunnel called the LVCC Loop. It travels beneath the Las Vegas Convention Center and features three stations and a pedestrian tunnel. Elon Musk’s reported net worth was $424.1 billion as of Jan. 6, 2025.
- Musk is the owner of privately held X (formerly Twitter) and the CEO and co-founder of Tesla (TSLA), the electric vehicle company.
- Part of its appeal comes from its growing use as a payment method.
- One plausible analysis floating around the internet is that this is as much trolling as offer.
- These ventures reflect Musk’s commitment to innovation and his ambition to pave the way for a sustainable and adventurous future.
- The Model 3 can go up to 358 miles and accelerates to 60 mph in 3.1 seconds.
- The Crew Dragon missions have brought back the ability to launch astronauts from the US.
Project Planning Management: Your Guide to Success
In the past several years, Tesla has become synonymous with electric vehicles (EVs). https://www.bidvestbank.co.za/ Additionally, over the past 12 months, TSLA shares have returned about 274%. Today, the market capitalization of the company stands at $585 billion.
Elon Musk Stocks to Buy: ARK Space Exploration & Innovation ETF (ARKX)
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He’s moved from making money to sasol stock solving big problems, like with Neuralink and The Boring Company. He has interests in technology, transportation, and space exploration. This could involve allocating a small portion of your portfolio to higher-risk investments, such as growth stocks or emerging markets.
Impact on Multiple Industries
Musk earned upward of https://personal.nedbank.co.za/ $175 million when PayPal was sold to eBay in 2002, based on the total estimated purchase price of $1.5 billion. He was the largest shareholder at the time of the sale holding 7,109,989 shares of PayPal, an 11.7% stake. In other words, Musk could lose $1 billion on Dogecoin tomorrow and still be incredibly wealthy.