Elon. Uno, nessuno, cento Musk 07. I soldi di Elon
Mar 21, 2025
Claudia Schettini, a research associate fellow at ISPI, explores Musk's narrative-building skills and the political implications of his wealth. Alessandro Aresu, chief scientist at Limes, analyzes Tesla’s positioning in AI and robotics, highlighting the geopolitical ramifications. Mario Seminerio, a professional investor, discusses Musk's relationship with federal contracts and the oligarchic dynamics at play. Together, they reflect on Musk's recent challenges, the role of public subsidies, and the potential backlash against his empire.
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Equity Was The Engine Of Musk's Wealth
- Musk's fortune grew exponentially because his equity in high-growth tech companies (Tesla, SpaceX, X) ballooned during market booms.
- Tesla shares formed the bulk of his wealth, amplified by stock options and secondary valuations of private firms.
Stock Price, Not Salaries, Built His Fortune
- Tesla's market value surged from a $17 IPO price to peaks near $400 per share, driving much of Musk's net worth.
- Stock-based compensation and low-cost options magnified his personal gains relative to cash earnings.
Public Money Played A Key Role
- Much of Musk's success depended on public subsidies, tax credits and government contracts across Tesla and SpaceX.
- These public supports were decisive at key moments, including a DOE loan and EV tax credits that enabled survival and demand.