Search

Is Elon Musk The Greatest Ever?

A breakdown of his companies
matt allen thumb

Written by:

Matt Allen
A passion for helping the average person led Matt to start his newsletter, The Common Capitalist, which is a newsletter that focuses on helping the average investor better understand finance.
67052c5c-0058-47a6-bc99-ebdfc216075e_1400x1400

Is Elon Musk The Greatest Ever?

A breakdown of his companies

This installment of The Matt Allen Letter is free for everyone. If you would like to read about stock analysis, stock market analysis, and much more. You can subscribe here.

Dear friends,

Elon Musk has been under intense scrutiny over the last couple of months because of his recent purchase of Twitter for $44 Billion. However, I have been examining his past performance of companies, and I have been nothing but astonished at what he has done building these companies. Elon Musk has built a net worth of $250 Billion at the age of 50. To put this in perspective, Warren Buffett accumulated 99% of his net worth after the age of 50.

In this newsletter, we are going to analyze the success of the 6 companies that Elon has built. We are going to make the case that Elon Musk is the greatest to ever do it.

These companies include:

  1. Tesla: $1+ trillion valuation

  2. SpaceX: $100+ billion valuation

  3. PayPal: $100+ billion valuation

  4. The Boring Company: $5.6 billion valuation

  5. Solar City: $2.6 billion valuation

  6. Neuralink: ~ $1 billion valuation

PayPal (2000)

Before Elon Musk became the real life iron man, before Peter Thiel became one of the most famous Venture Capitalist, before Reid Hoffman became the founder of LinkedIn, they were all part of PayPal.

You might be thinking that Elon Musk was the leader of the PayPal mafia, but this is actually not true. Peter Thiel is known as the Godfather of the PayPal Mafia. He was the founder of x.com. PayPal merged with x.com which made Elon the largest shareholder of PayPal. In 2002, eBay acquired PayPal for $1.5 billion in stock. He made $165m after the sale.

However, PayPal credits a ton of their success to what they did after Elon joined the team. In hindsight, the PayPal team was one of the greatest “teams” to ever be assembled in the history of business.

Peter Theil decided to go into venture capital, and he became one of the greatest venture capitalist in history. I highly recommend his book Zero to One.

SpaceX (2002)

After the sale of PayPal, Elon Musk launched SpaceX with the intentions of making access to space faster and cheaper and eventually create a colony on Mars. One of the missions behind this company is to explore space and allow the average person to see space.

SpaceX was mostly a failure for Elon due to multiple launch failures and starship explosions. However, this has completely changed in recent years, and SpaceX has became a massive success. in the space industry with a number of records to its name, including being the first private company to send a craft to the International Space Station and send astronauts to orbit.

In 2018, SpaceX inked a massive deal with NASA that allowed it to have the funds to lead the space movement.

SpaceX is the creator of Starlink which is leading the movement to bring broadband internet to space. The Ukrainian military has used Starlink internet service to defend their country against the invasion of Russia.  

Tesla (2004)

Elon Musk became famous for his leadership at Tesla, the electric car company that was named after famed inventor Nikola Telsa. At one point in 2021, Telsa was valued at over $1 Trillion. with $0 in AD spend.

Tesla was founded in 2003 by two other men. Elon entered in a Series A funding round with an investment of $6.5 million, the company was failing and without Elon’s investment it wouldn’t have survived. As time went on, Elon took an increasingly active role in the company.

Elon has been the CEO since 2008. The Telsa Model 3 has become the most popular electric car in production today, with over 1 million units sold globally.

Tesla is more profitable than General Motors.

Solar City (2006)

Elon and his cousins founded Solar City in 2006. This company became the leader in residential solar installations in the U.S. by the mid-2010s, SolarCity installed solar energy systems that were leased to residential users.

Tesla ended up purchasing SolarCity in 2016 for $2.6 billion via stock. However, Elon Musk faced a massive lawsuit from Solarcity shareholders claiming that he illegally sold the company to himself.

As of writing this newsletter, news has broken that Elon has won the Solar City lawsuit. (weird timing)

Neuralink (2016)

Musk secretly founded Neuralink in 2016 with a mission to create brain implants that will one day make humans hyper-intelligent, heal traumatic brain injuries and let paralyzed people walk again. 

There isn’t much more to say about this company because they keep the workings of the company very secret.

If Musk is able to pull this off, it will be a WILD time to be alive!

The Boring Company (2016)

The company’s mission is to construct “hyperloop” tubes that will shoot cars at high speeds between major cities, cutting down on highway congestion. 

The Boring Company has opened two short loops in Las Vegas and a test tunnel outside Los Angeles but Musk has far greater ambitions. 

He claimed in 2017 that he had “verbal approval” from the US government to construct hyperloop between New York City and Washington, D.C. that would reduce travel time between the two cities to just 29 minutes.

Our goal is to solve traffic, which plagues every major city on Earth. – Elon Musk

If you live in Atlanta, this might be your favorite achievement of Elon Musk. This company would essentially end Atlanta traffic on I-75 and 400.

Twitter (2022)

Elon Musk purchases Twitter for $44 Billion. The deal will become official in October 2022.

I hope you have a great day!

Stay Hungry, Stay Long

Matt Allen

CEO/Founder BeanInvest

Conversation

No comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Disclaimer:The publisher does not guarantee the accuracy or completeness of the information provided in this page.  All statements and expressions herein are the sole opinion of the author or paid advertiser.

Grit Capital Corporation is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.  

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME.  THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION.  INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.  

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable.  They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein.  The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

The publisher, its affiliates, and clients of the a publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities).  To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.

By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

For Full Terms of Use Click HERE. For the Privacy Policy Click HERE.

Gritcapital.substack.com (“Grit”) is a website owned and operated by Substack. Grit is paid fees by the companies that make investment offerings on this website. Be aware that payment of these fees may put Grit in a conflict of interest with the investor. By accessing this website or any page thereof, you agree to be bound by the Terms of Use and Privacy Policy, in effect at the time you access this website or any page thereof. The Terms of Use and Privacy Policy may be amended from time to time. Nothing on this website shall constitute an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction where such an offer or solicitation is against the law or to anyone to whom it is unlawful to make such offer or solicitation. Grit is not an underwriter, broker-dealer, Title III crowdfunding portal or a valuation service and does not engage in any activities requiring any such registration. Grit does not provide advice on investments or structure transactions. Offerings made under Regulation A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) are available to U.S. investors who are “accredited investors” as defined by Rule 501 of Regulation D under the Securities Act well as non-accredited investors, who are subject to certain investment limitations as set forth in Regulation A under the Securities Act. In order to invest in Regulation A offerings, investors may be asked to fill out a certification and provide necessary documentation as proof of your income and/or net worth to verify that you are qualified to invest in offerings posted on this website. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. Grit does not verify the adequacy, accuracy or completeness of any information. Neither Grit nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, valuations of securities or completeness of any information on this site or the use of information on this site. Neither Grit nor any of its directors, officers, employees, representatives, affiliates or agents shall have any liability whatsoever arising from any error or incompleteness of fact, or lack of care in the preparation of, any of the materials posted on this website. Investing in securities, especially those issued by start-up companies, involves substantial risk. investors should be able to bear the loss of their entire investment and should make their own determination of whether or not to make any investment based on their own independent evaluation and analysis.