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Elon Musk’s net worth attacked by VT Senator Bernie Sanders
Elon Musk is the richest man in the world with an estimated net worth of over $200 billion. Bernie Sanders, a long-time United States Senator from Vermont, isn’t too pleased about it.
Sanders, a Progressive Independent politician who has run for President on multiple occasions, has been vocal regarding the “issue” of billionaires and having the wealthy business people of the world pay their fair share. With Musk gaining a considerable amount of money in 2020 thanks to Tesla’s unbelievable stock run, he became the subject of a Bernie Sanders rant on Facebook, where the Senator highlighted the growth in the Tesla CEO’s net worth while the U.S. minimum wage has stayed the same.
“Wealth of Elon Musk on March 18, 2020: $24.5 billion
Wealth of Elon Musk on January 9, 2021: $209 billion,” the Senator wrote.
“U.S. minimum wage in 2009: $7.25 an hour
U.S. minimum wage in 2021: $7.25 an hour.
Our job: Raise the minimum wage to at least $15, tax the rich & create an economy for all.”
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Musk’s net worth has been attacked by Sanders in the past. In August, Sanders proposed that Musk pay a one-time $27.5 billion tax, which would eliminate 60% of the Tesla CEO’s net worth gain during the COVID-19 pandemic. It was apart of Bernie’s “Americans for Tax Fairness and Institute for Policy,” and Musk wasn’t a fan of it.
— Elon Musk (@elonmusk) August 7, 2020
Musk, who gained the “World’s Richest Person” title last week, does not collect a salary from Tesla and his net worth comes from his 20.8% holding in the electric automaker, which makes him the majority shareholder. The company has gained over 700% in its valuation since last year, mostly because of increased sales figures and its ability to scale production while combating demand, which is as high as its ever been. While many CEOs with a massive net worth spend their dollars on big houses, fast cars, and ritzy vacations, Musk has spent the last year trying to figure out how to make EVs reach price parity with gas cars, while figuring out manufacturing bottlenecks and trying to build a new battery in-house, which will increase energy and range of Tesla’s cars.
In fact, the work rarely stops for Musk. After finding out that he was the world’s richest person, he was relatively unphased. “Back to work,” he said to @TeslaOwnersSV, who notified Musk of his new title.
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Musk also doesn’t own any houses in his company’s home state of California. He sold them all after stating that his possessions weigh him down and his full focus would be turned toward getting humans to Mars.
Despite Musk’s desire to combat climate issues and cut dependence on fossil fuels, he is still the subject of attack from American socialists who are looking for economic equality for all Americans. The question is, where does that money come from? Sanders believes the rich should pay their fair share. But Musk’s net worth is tied up in his massive holdings of TSLA stock, which would force him to dilute his shares and would likely cost him his title as majority stakeholder.
Sanders’ plan to increase the minimum wage has arguments both ways. However, Musk has been a repeated target of Bernie’s because of his net worth. This is just the most recent example.
What do you think? Leave a comment down below. Got a tip? Email us at tips@teslarati.com or reach out to me at joey@teslarati.com.
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Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
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Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
