Because he could afford to do that.
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- Thread starter In2theGame
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You can skip the expensive cars, the fancy clothes, and the endless gym selfies. Completely unnecessary.
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R.U.G.
Master Don Juan
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Perhaps, but I cannot recommend a person throwing away tens of millions of dollars like that. If Tesla goes bankrupt or has a huge correction, Musk is broke. He's basically like Zuckerberg according to the 10k filings. 99% of his net worth is in the stock. That goes belly up, they're both SOL. What they do is take a margin loan against their holdings and borrow against it to live. Remember, they are only paid a buck a year and neither company pays a dividend. That is how they live, through stock appreciation and margin.
He plays his narratives well on twitter to boost his stock.
I don't think his manufacturering business yields much profits.
R.U.G.
Master Don Juan
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Yea, and it cost him his Chairmanship. Smart...
Doesn't matter about the building of profits. He owns shares worth 20 billion + dollars. He margins this and he lives off that. That is one of the reasons how he's able to fund SpaceX. He pledged his shares. Larry Ellison does the same
https://www.bloomberg.com/news/arti...adds-2-9-billion-to-fortune-on-pledged-shares
Trust when I say I know what I am talking about..
I sold all of my shares with his company.
I don't buy what he's saying on twitter but others obviously does.
Still he's a brilliant man with a vision.
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Being a cuck and brilliant are two completely different things. Bill Gates is a brilliant genius. I do not see he getting screwed over by women.
I agree that Bill Gates is brilliant but he's no playboy and he's no visionary in the same breath as Elon.
Elon Musk started 2 companies that under normal circumstances would not have succeeded much less taken off had it not been for his brilliance and vision.
That said, he cannot be compared to a programmer which is basically what Bill is.