3 ms·

Elon Musk becomes first person worth $500B

9 points by SilverElfin 1y ago

abstractspoon 1y ago
The irony always being that as someone's financial worth grows beyond a reasonable point their worth as a human being is correspondingly reduced.
jimbo808 1y ago
Been strange to watch this guy get so rich off of a car company that is somehow worth $1.4 trillion, but had $97 billion in revenue last year, and only sold 1.7 million cars. P/E of 266. For comparison: Toyota's market cap is $304 billion, with $311 billion in revenue, and they sold 10.8 million cars. And their P/E is 8... Wild.
- orionblastar 1y ago
  Remember that Tesla also has recharging stations for electric cars to charge Tesla and non-Tesla cars for a price.
  - quantified 1y ago
    Which should be worth about 13 billion this year. Decent business but the valuation is a bit rich for chargers.
- toomuchtodo 1y ago
  “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” I think it speaks to how irrational and inefficient the equities market can be, alongside the AI bubble.
FranzFerdiNaN 1y ago
Nobody should ever be allowed to be worth this much. Humans simply dont have the psychology and physiology to be able to deal with having this much money and thus power, case in point being Elon Musk. Or any other billionaire, as they somehow all seem to end up becoming a cartoon villain. In fact, i would say the anarchists had it right: nobody should ever have any power over anyone else.
deleted 1y ago
[deleted]
myroon5 1y ago
$100B Gates 1999 https://en.wikipedia.org/wiki/List_of_centibillionaires https://en.wikipedia.org/wiki/List_of_centibillionaires $200B Bezos 2020 https://www.cbsnews.com/news/jeff-bezos-net-worth-200-billion-first/ https://www.cbsnews.com/news/jeff-bezos-net-worth-200-billio... $300B Musk 2021 https://www.cbsnews.com/news/elon-musk-300-billion-net-worth/ https://www.cbsnews.com/news/elon-musk-300-billion-net-worth... $400B Musk 2024 https://www.cbsnews.com/news/elon-musk-net-worth-400-billion-bloomberg/ https://www.cbsnews.com/news/elon-musk-net-worth-400-billion... $500B Musk 2025 https://news.ycombinator.com/item?id=45447250 https://news.ycombinator.com/item?id=45447250 https://news.ycombinator.com/item?id=45449800 https://news.ycombinator.com/item?id=45449800

9 points by SilverElfin 1y ago

The irony always being that as someone's financial worth grows beyond a reasonable point their worth as a human being is correspondingly reduced.

jimbo808 1y ago

Been strange to watch this guy get so rich off of a car company that is somehow worth $1.4 trillion, but had $97 billion in revenue last year, and only sold 1.7 million cars. P/E of 266. For comparison: Toyota's market cap is $304 billion, with $311 billion in revenue, and they sold 10.8 million cars. And their P/E is 8... Wild.

orionblastar 1y ago
Remember that Tesla also has recharging stations for electric cars to charge Tesla and non-Tesla cars for a price.
- quantified 1y ago
  Which should be worth about 13 billion this year. Decent business but the valuation is a bit rich for chargers.
toomuchtodo 1y ago
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” I think it speaks to how irrational and inefficient the equities market can be, alongside the AI bubble.

FranzFerdiNaN 1y ago

Nobody should ever be allowed to be worth this much. Humans simply dont have the psychology and physiology to be able to deal with having this much money and thus power, case in point being Elon Musk. Or any other billionaire, as they somehow all seem to end up becoming a cartoon villain. In fact, i would say the anarchists had it right: nobody should ever have any power over anyone else.

deleted 1y ago

[deleted]

myroon5 1y ago

$100B Gates 1999 https://en.wikipedia.org/wiki/List_of_centibillionaires https://en.wikipedia.org/wiki/List_of_centibillionaires $200B Bezos 2020 https://www.cbsnews.com/news/jeff-bezos-net-worth-200-billion-first/ https://www.cbsnews.com/news/jeff-bezos-net-worth-200-billio... $300B Musk 2021 https://www.cbsnews.com/news/elon-musk-300-billion-net-worth/ https://www.cbsnews.com/news/elon-musk-300-billion-net-worth... $400B Musk 2024 https://www.cbsnews.com/news/elon-musk-net-worth-400-billion-bloomberg/ https://www.cbsnews.com/news/elon-musk-net-worth-400-billion... $500B Musk 2025 https://news.ycombinator.com/item?id=45447250 https://news.ycombinator.com/item?id=45447250 https://news.ycombinator.com/item?id=45449800 https://news.ycombinator.com/item?id=45449800