Elon Musk is unlikely to become a trillion dollar billionaire by 2024

A new study shows that Elon Musk could become the first person to amass a net worth of $1 trillion as soon as 2024, but updated data does not show that yet.Forbes’ list of billionaires calculated in real time, on January 2, 2024, Elon Musk is the richest person in the world with assets worth 251.3 billion USD, far surpassing the number 2 position of French luxury goods tycoon Bernard Arnault (and his family) are worth $200.7 billion.

The billionaire’s asset value, which has been in the news for the past year, is calculated based on the two assets Tesla and SpaceX, not including social network X and other assets. With what he can do in 2023, research shows that Elon Musk will continue to have a booming year in 2024 in business, but Elon Musk’s assets will not necessarily increase as strongly as in the previous period.

SpaceX set a record with 96 successful rocket launches

In just one year, SpaceX performed 91 launches of Falcon 9 rockets and 5 launches of Falcon Heavy rockets, surpassing the 2022 achievement of 61 rocket launches into orbit. Falcon 9 alone was launched more times per year than in the entire first decade since its launch.

SpaceX also challenged the boundaries of rocket reusability by launching and landing a single rocket 19 times.

Jon Edwards, Vice President of Falcon Launch Vehicles, wrote in a social media post: “I’m incredibly proud to be working with the best team in the world and can’t wait to see what We will achieve it next year.”

Twitter social network was renamed to X

For more than 10 years, Twitter has been famous for its blue bird logo and unique vocabulary. The word “tweet” is both a verb that refers to posting on Twitter and an article. “Tweeps” is used as a nickname for Twitter employees.

Those values that seem difficult to change turn out to be nothing too big for the billionaire who specializes in doing things that ordinary people find difficult to imagine. In July 2023, Elon Musk gently changed the name of this social networking platform to “X” after becoming the new boss of Twitter.

The new name has received many mixed opinions from experts and the user community. However, for the American billionaire, this is not simply a brand change. Elon Musk believes that improvements are necessary to demonstrate the new scale and vision of “X”, and reaffirms his determination to create “an application that can do everything”.

Tesla ships the Cybertruck

At the end of November 2023, Elon Musk personally handed over the keys to the first owners of Tesla’s first pickup model – Cybertruck – during an internal event.

According to him, the car can tow nearly 5 tons, the special steel covering the car cannot rust and the car’s window glass is bulletproof.

“If you compare with another car, you will definitely win,” Musk affirmed.

Despite its starting price of $60,990, which is much higher than the promised $40,000, the Cybertruck and its unusual appearance demonstrate Tesla’s commitment and vision to expand its product lines.

2024, get richer and continue to “disturb”?

Early last week, two US senators called on Tesla to urgently recall the product after a Reuters investigation found that the car company frequently blamed users for defective parts.

On the other side of the Atlantic, the European Union has opened an official investigation of social network X due to suspicions that the platform violated regulations protecting users from prohibited content and false information.

Many companies have refused to advertise on X due to concerns that extremist content could affect their image. Some of the brands that have boycotted Musk’s platform include Disney, Apple, Paramount, Warner Bros. Discovery and Walmart.

Although Elon Musk’s assets are forecast to continue to increase in 2024 as stock prices benefit from a soft landing of the US economy instead of falling into crisis, investors are not too optimistic. with Tesla stock (code TSLA). Nasdaq cited an analysis report saying that investors target the average price of Tesla’s shares in 2024 to be 237.68 USD, lower than the price at the end of 2023 (currently 257.22 USD/share). promissory note).