Elon Musk Shifts Focus to Robotaxis and Robots, Driving Tesla's Next Growth
Elon Musk, the innovative CEO of Tesla, has shifted his focus towards robotaxis and robots, aiming to drive new growth for the company. This strategic move comes after a period of uncertainty, during which Tesla's stock price dipped due to financial concerns and potential buyers being put off by Musk's political views.
Musk's wealth, primarily derived from his stakes in Tesla and SpaceX, has seen remarkable growth. In December 2020, he became the first person to surpass the $400 billion net worth mark. His fortune is now estimated to be over $500 billion, according to Forbes, putting him approximately $150 billion ahead of Oracle co-founder Larry Ellison.
Musk's relationship with former U.S. President Donald Trump was initially close, with frequent visits to the White House during Trump's early presidency. However, their relationship soured by summer 2021, leading Trump to threaten cutting off Musk's companies from government funds. Despite this, Musk's companies continue to thrive, with Tesla's stock price recovering and SpaceX making significant strides in the aerospace industry. Musk's companies now include the online platform X, AI developer xAI, and Neuralink, which focuses on brain implants.
Elon Musk's focus on innovative projects like robotaxis and robots signals a new chapter for Tesla. Despite past fluctuations in his fortune and political challenges, Musk's wealth and influence continue to grow, driven by his successful ventures in the tech and aerospace industries.
Read also:
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
