Even though he might be the richest man in the world, we question how long Elon Musk will be able to keep that title if things continue the way they are. Following a devastating one-day loss of $29 billion, Musk’s current net worth still sits at an impressive $324.3 billion – making him well over $100 billion richer than Jeff Bezos.
As well as overtaking Bezos to become the richest person in the world in January 2021, Musk has continued to break milestones as the first person in the world to be worth over $300 billion and then $400 billion.
Still, he’s also entered the Guinness World Records as the first person to lose $200 billion thanks to declining Tesla stock values in December 2022. While there are fears that history could be about to repeat itself thanks to Tesla’s recent stock stumbles, Musk is keen to downplay this bump in the road and is looking ahead at a brighter future.
President Donald Trump is doing his best to support his so-called ‘First Buddy’, and by turning the White House into its very own Tesla showroom, there’s been a much-needed boost to the company’s fortunes.
Musk has vowed to ramp up Tesla production in the USA
Added to this, Musk has vowed to increase Tesla production in the USA. Posting on X, the divisive tech mogul wrote: “In support of the policies of President Donald Trump and to demonstrate our confidence in the future of the United States, Tesla commits to doubling vehicle production in the US within 2 years!”
This comes after the POTUS vowed to hand over a check for a shiny red Tesla Model S – even though he won’t be able to drive it.
Musk’s announcement comes after President Trump promised to push for more domestic manufacturing. In a White House post saying that things are on the up, the Trump administration claims it has gained 10,000 manufacturing jobs during Trump’s first full month in office. The release says this is in contrast to the Biden administration losing 9,000 manufacturing jobs per month during its final year.
