On the 6th Eastern time, "Wall Street**" released a blockbuster report that Musk had been "illegally taking drugs" for a long time, which caused concern among executives of Tesla and SpaceX.
The report quoted people familiar with the matter as saying that Musk often smokes LSD hallucinogens, cocaine, **psychedelic mushrooms", *commonly known as **) and other illegal drugs at private parties, which are held around the world, and participants need to sign a confidentiality agreement or hand in their mobile phones to enter.
Regarding the "drug abuse" report of "Wall Street**", Musk's lawyer Spiro responded immediately, claiming that Musk "has undergone multiple drug tests at SpaceX and has never been unqualified". Musk also posted on the 7th and 8th in response to the accusation of "drug abuse" for two consecutive days.
In a response on the 7th, Musk clarified that according to the requirements of the National Aeronautics and Space Administration (MASA), he has undergone random drug tests for three consecutive years and has never found relevant prohibited ingredients. At the end of the post, Musk did not forget to add: "Wall Street** doesn't even deserve to be put in a cage to pad bird poop!".”
Musk's drug use rumors have been around for a long time. In 2018, on the show of talk show actor Joe Rogan, Musk smoked a ** in a relaxed manner, and Tesla's market value evaporated by $4 billion overnight. NASA, which has business dealings with SpaceX, also stepped in and demanded that Musk undergo regular drug tests.
Wall Street** reported that drug abuse violates U.S. federal regulations and could jeopardize a multibillion-dollar contract between SpaceX and the U.S. if verified.
After the turmoil, Musk was involved in another storm in June last year. At that time, a ** disclosed that Musk was taking a small dose of *** Musk posted on the Twitter platform in response that he was taking *** just for**depression. Musk even "popularized science": depression is overdiagnosed, antidepressants will only turn people into zombies, and taking *** occasionally is a better choice. "For some people, it's really a brain chemistry problem. ”
However, the report of "Wall Street**" pointed out that Musk did not necessarily smoke *** for ** purposes, and at a family gathering in 2021, Musk smoked *** with his brother Kimbal and illegally took drugs with Steve Jurvetson, a former member of the board of directors of Tesla.
In 2018, Musk sucked ** in public.
Wall Street**" also paid attention to some of Musk's abnormal behavior. According to the report, in 2017, at a SpaceX company event, Musk had a language confusion. At that time, Musk took the stage to speak, "insanity" in front of hundreds of employees, full of gibberish, and talked endlessly for 15 minutes. Eventually, Gwynne Shotwell, president of SpaceX, had to step in and take over the meeting.
In response, Musk announced the whole process of the meeting on the 8th, and explained that Tesla was on the verge of bankruptcy at that time, and he "slept very little for several days", resulting in abnormal performance.
In 2018, Musk suddenly posted on the Twitter platform that Tesla was planning to go private, ** for $420 shares. Tesla's board of directors told the U.S. Securities and Exchange Commission (SEC) that they didn't know anything about it. In response to Musk's "nonsense", the SEC launched an investigation on the charge of fraud, and finally imposed a fine of $40 million on Musk and Tesla, and Musk was also forced to resign as chairman of Tesla.
The Wall Street ** report quoted a person familiar with the matter as saying that former Tesla director Linda Johnson Rice is concerned about Musk's long-term drug use, and Musk's volatile behavior has also frustrated her. Because of this, Tesla's board of directors expired in 2019, and Rice did not seek re-election.
Rice is a long-time publisher of two fashion magazines, Jet and Ebony, and joined Tesla's board of directors in 2017. At that time, Musk was in the honeymoon period with Tradition**, and James Murdoch, the son of media tycoon Murdoch, joined the board of directors of Tesla with Rice.
Musk's honeymoon relationship with the traditional ** ended in 2022, in October of this year, Musk spent $44 billion to buy Twitter, renamed it X, and turned himself into a ** tycoon.
After becoming the owner of X, Musk laid off employees in large numbers and relaxed content censorship, causing an uproar and encountering collective boycotts from advertisers such as Apple and Disney. In November last year, Musk was involved in another anti-Semitic storm, which made the situation of the X platform even worse. In December, due to Disney's repeated boycott of the X platform, Musk angrily replied and publicly called out Disney's board of directors to fire Disney CEO Bob Iger.
According to a report by market research firm Sensor Tower, as of November last year, Musk had been in charge of X for exactly one year, and the top 100 advertisers in the United States had seen their spending on the X platform drop by 45%.
After the decline in revenue, X's valuation has repeatedly declined. In October last year, X was valued at $19 billion based on the employee allotment price, which is 57% lower than Musk's purchase price. In November, Fidelity, the company involved in the Twitter acquisition, estimated that the latest valuation of the X platform was $12.5 billion, a 71% discount from Musk's purchase price5%。
After the valuation fell, X launched a self-rescue, and Musk planned two paths: one is to negotiate cooperation with Amazon, intending to introduce the latter's ad buying platform to attract small and medium-sized advertisers;First, Musk's XAI company launched a chatbot GROK, which is connected to the X platform to further attract users.
After entering the media circle for a year, Musk ran into walls everywhere and alienated himself from the relationship with the traditional **, which can be said to be worth the loss. After the "drug abuse" report of "Wall Street**" fermented, a fan left a message on platform X, speculating that the reason why Musk was hacked was due to the vicious competition between **. To which Musk responded: "They will do anything to destroy X!."”
In 2023, Tesla** will soar by 100%, and Musk's personal wealth will increase by $90 billion a year, hitting a new high. On the list of global billionaires released by Bloomberg, Musk's personal net worth is $238 billion, ranking first for three consecutive years.
Madison Trust, a world-renowned trust institution, also released a visual chart to take stock of Musk's personal wealth. The chart shows that as of the end of 2023, Musk mainly owns six companies, namely SpaceX, Tesla, X, The Boring Company, Neuralink (Brain Chain), and XAI.
Among Musk's companies, Tesla's market capitalization as of the end of the year was $819 billion, and Musk held 21% of the sharesSpaceX is valued at $150 billion, making it the world's second-most valued unicorn company (only behind ByteDance), with Musk holding 42% of the sharesX is valued at $15 billion, and Musk holds 74% of the shares;Bored Company and Brain Chain are valued at $5.7 billion and $5 billion respectivelyXAI was founded in March 2023 at an unknown valuation.
The Madison Trust summarizes Musk's view of wealth into three points: First, wealth is a means to an end, not an end in itself;One is that wealth should be used to solve the world's problems;One is to invest in the future.
Musk's concept of wealth is highly consistent with his business behavior, Tesla has created a new energy vehicle track, SpaceX is committed to space exploration, and NeuraLink and XAI are aiming to overcome artificial intelligence, all of which are trying to solve "major problems in the world".