In the report, Morgan Stanley considered the firm to be multiple companies in one, spanning space infrastructure, earth observation, space exploration and other industries. It further noted that its Starlink satellite communications business is the largest contributor to its valuation estimate. In addition, Bloomberg revealed that the contract with Hertz will allow Tesla to generate profits of about $ 4.2 billion.
Musk exceeds the $ 193 billion of personal wealth of Jeff Bezos, CEO of Amazon and is above the joint wealth of Bill Gates and Mark Zuckerberg. Tesla even exceeds the market share of its competitors in manufacturing electric cars.
The inflation warning
“I do not know in the long term, but in the short term we are seeing strong inflationary pressure”he said on Twitter, responding to a thread from Cathie Wood, CEO of Ark Investment Management, about inflation. According to Wood, new technologies will help “bend the curve” for inflation despite recent supply chain bottlenecks related to Covid-19 and oil supply constraints.
“Artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain technology are among the phenomena that will help moderate price pressures,” says the founder of Ark Investment Management in her Twitter thread.
Experts wondered if Musk’s thoughts on inflationary pressures will be pervasive for US companies. “If this is so, and I suspect that it is, I don’t know how long the Fed will be able to continue ignoring inflation.” warns Eamonn Sheridan, market analyst at Forex Live.
This is how the debate of the first swords on social networks about inflation continues. This week, Twitter CEO Jack Dorsey caused a stir on Twitter after warning of impending hyperinflation that “will change everything.” Economist Steve Hanke, known as a cryptocurrency skeptic, criticized Dorsey for these comments. He pointed to the fact that no country in the world, including Venezuela, is currently experiencing hyperinflation.
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