Elon Musk's Trillionaire Journey: Will He Save the USA or Sabotage It?

Elon Musk's Claim to Trillionaire Status: Elon Musk, the co-founder of Tesla and SpaceX, is projected to become a trillionaire by 2027. However, will he contribute positively to the US economy, or is he likely to cause further harm?

Trumponomics and Musk's Ambitions

While some argue that Musk's potential rise to the status of a trillionaire is inevitable, it's important to consider the context. Trump, despite his disdain for Musk, has allowed him to remain due to his financial contributions. This history of destroying those who come into orbit, whether through prison or professional ruin, indicates a troubling pattern. Trump's loyalty is often based on financial interests rather than shared values, leading to a cycle of corruption and destruction. Therefore, it is unlikely that Musk being the richest man in the USA will necessarily bring about the positive changes hoped for.

The Stock Market vs. Economic Growth

While the stock market has shown growth during Republican administrations, the economy has typically seen better growth under Democratic leaders. This is a critical point when considering Musk's influence. If Musk holds a significant stake in Tesla (20%), Tesla would need to reach a valuation of approximately 5 trillion dollars for Musk to be a trillionaire through Tesla alone. Tesla's current valuation is over 1 trillion, but it is overvalued as a car company. When considering Tesla as a car, semi-truck, utility-scale battery company, and transportation-as-a-service firm, its true value might be significantly lower.

Vapor Wealth and the Future of the Economy

Some critics argue that Musk's wealth is largely based on vapor wealth. This term describes investments that seem to be valuable but lack real-world traction or utility. The stock market may not survive the presidency of Trump or any other leaders that push for economic turmoil, as calculated risks and deliberate economic crashes could lead to widespread poverty. History has shown that while many millionaires of the past evaporated with the economic crashes, the real damage comes when homes are lost, and livelihoods are destroyed.

Concluding Thoughts

The upcoming economic crash may result in a more concentrated ownership of wealth among billionaire oligarchs like Musk and his allies. It is a concerning trend that requires vigilance and transparency. As we watch the landscape change, the question remains: will Musk bring about significant positive change, or will he and others exacerbate existing inequalities? The coming years will provide critical answers.