He was wrong. A trillion is a million millions-twelve zeroes-but in his defence, it is an unfathomable number. If Musk has $1 trillion (US), his wealth would hover somewhere between the gross domestic product of the Netherlands-$1.2 trillion (US)-and Switzerland-$936 billion (US)-making him the equivalent of the world's twentieth largest economy. The International Space Station, the most expensive structure ever built, was co-funded by fourteen countries, including the United States, Canada, Russia, and Japan, and it cost around $150 billion (US).
Elon Musk is teasing a potential release of flying cars. The CEO of Tesla appeared on the Joe Rogan Experience on Friday and made a reference to how Peter Thiel once said that "the future was supposed to have flying cars," which don't exist on the streets - or in the air - at the moment. When host Joe Rogan followed up and asked Musk if heis "actively considering" making an electric flying car, and if the vehicle would have retractable wings.
I am sure you are waiting to learn the results of last week's poll. (Reminder: Sign up for the Mobility newsletter to participate in our polls!) Here is what I asked: "What is the best business model for autonomous vehicle tech? (Keep profitability in mind.)" Far and away, readers think longer-haul delivery is the best bet, with 40% picking this option.
After months of being relatively quiet following his resignation from the Department of Government Efficiency and subsequent fallout with President Donald Trump, Musk slammed proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis. "I just don't feel comfortable building a robot army here and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no freaking clue," Musk said. "I mean, those guys are corporate terrorists."
In order to unlock the full amount of shares proposed in this compensation plan, Tesla's value would need to increase dramatically to $8.5 trillion. As Tesla's proxy statement points out, that would make Tesla roughly 2x as valuable as the most valuable company in the world (Nvidia) today. Arguably, growing Tesla's value to double the value of Nvidia would justify paying Musk something like double the compensation of Nvidia's CEO.
"I think we'll see companies like Blue get involved, and maybe others," Duffy said, referring to Jeff Bezos' Blue Origin. The Amazon cofounder happens to be one of Musk's most reviled nemeses. "We're going to have a space race in regard to American companies competing to see who can actually get us back to the Moon first," Duffy said, saying that SpaceX is "behind schedule" and that NASA won't "wait for one company."