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Elon Musk walks the walk by consuming far less carbon than other billionaires

Elon Musk giving YouTube tech reviewer Marques Brownlee a tour of the Fremont factory. (Credit: MKBHD/YouTube)

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Elon Musk may be trading places with Amazon founder Jeff Bezos these days for the title of the world’s richest person by net worth, but the Tesla and SpaceX CEO also holds a unique place among his fellow billionaires. Based on estimates from anthropologists from Indiana University, Elon Musk may very well be one of the billionaires with the smallest carbon footprint.

Critics of Elon Musk would argue that the Tesla and SpaceX CEO’s carbon footprint is excessive due to his frequent travels with his private jet. However, Richard Wilk, the director of the Open Anthropology Institute at Indiana University, and Beatriz Barros, a Ph.D. candidate in anthropology at Indiana University, noted in an analysis that Musk’s carbon footprint is actually quite small relative to his fellow billionaires. This is because, unlike other billionaires, Musk owns no luxury superyachts or custom-made, sprawling mansions.

Wilk and Barros’ estimates for 20 billionaires’ carbon footprint. (Credit: Richard Wilk and Beatriz Barros)

Wilk and Barros opted to analyze a number of billionaires from the 2020 Forbes List, particularly those whose consumption is public knowledge. This excluded a good number of the super-rich in Asia and the Middle-East, but it still provided a good sample of billionaires from across the globe. To estimate each billionaire’s carbon footprint, the anthropologists used data from the US Energy Information Administration and Carbon Footprint. Together with some extensive research, this allowed the pair to estimate the annual CO2 emissions of each house, aircraft, yacht, and vehicle publicly declared by each billionaire. 

On average, US residents pollute about 15 tons of CO2 per year as of 2018, though the average global footprint per person is smaller at just about 5 tons annually. The 20 billionaires who were included in the study, for their part, contributed an average of 8,190 tons of CO2 in 2018. But even among this list, some billionaires polluted significantly more than others. And as it turned out, those who owned massive luxury yachts tend to consume significantly more than those who did not. 

Roman Abramovich, the owner of London’s Chelsea Football Club and a man who made most of his $19 billion fortune trading oil and gas, proved to be the biggest polluter in the anthropologists’ list with at least 33,859 metric tons of CO2 emissions in 2018. This is due in no small part to his luxury superyacht, the Eclipse, which at 162.5 meters bow to stern is practically a small, private cruise ship. He also travels across the globe in a custom-designed Boeing 767 with a 30-seat dining room, as well as his Gulfstream G650 jet. Abramovich also uses two helicopters and a submarine on his yacht. On top of this, the oil and gas magnate boasts several properties, such as a 28-hectare estate in St. Barts that once belonged to David Rockefeller. 

Bill Gates, a huge advocate for sustainability, consumes far less carbon than Abramovich, but his emissions still tower over those of Elon Musk. Gates maintains a $127 million estate in Medina, Washington named Xanadu, which covers 6,131 square meters and amenities like a 23-car garage, a 20-person cinema, and 24 bathrooms. Gates also owns a horse farm, four private jets, a seaplane, and several helicopters. The anthropologists estimate that Gates’ annual carbon footprint stands at 7,493 tons, mostly due to his flying. 

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For his part, Elon Musk owns no yachts, and the CEO has noted that he does not take many vacations. The Tesla and SpaceX CEO was estimated to have a rather billionaire-modest carbon footprint of 2,084 tons in 2018, which was hundreds of times higher than the average American but significantly smaller than his fellow billionaires. Interestingly enough, Musk’s carbon footprint may have also gotten considerably lower as of late, considering that he sold all of his houses in 2020 and he promised to divest his worldly possessions. Ultimately, Musk, who is currently worth about $190 billion or ten times that of billionaires like Abramovich, proves that even the super-rich can make choices to ensure that they live as sustainably as possible. 

Read Wilk and Barros’ analysis of billionaires’ carbon footprint here

Don’t hesitate to contact us for news tips. Just send a message to tips@teslarati.com to give us a heads up. 

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla to appeal jury verdict that held it partially liable for fatal crash

Tesla will appeal the decision from the eight-person jury.

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tesla showroom
(Credit: Tesla)

Tesla will appeal a recent jury verdict that held it partially liable for a fatal crash that occurred in Key Largo, Florida, in 2019.

An eight-person jury ruled that Tesla’s driver assistance technology was at least partially to blame for a crash when a vehicle driven by George McGee went off the road and hit a couple, killing a 22-year-old and injuring the other.

The jury found that Tesla’s tech was found to enable McGee to take his eyes off the road, despite the company warning drivers and vehicle operators that its systems are not a replacement for a human driver.

The company states on its website and Owner’s Manual that Autopilot and Full Self-Driving are not fully autonomous, and that drivers must be ready to take over in case of an emergency. Its website says:

“Autopilot is a driver assistance system that is intended to be used only with a fully attentive driver. It does not turn a Tesla into a fully autonomous vehicle.

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Before enabling Autopilot, you must agree to ‘keep your hands on the steering wheel at all times’ and to always ‘maintain control and responsibility for your vehicle.’ Once engaged, Autopilot will also deliver an escalating series of visual and audio warnings, reminding you to place your hands on the wheel if insufficient torque is applied or your vehicle otherwise detects you may not be attentive enough to the road ahead. If you repeatedly ignore these warnings, you will be locked out from using Autopilot during that trip.

You can override any of Autopilot’s features at any time by steering or applying the accelerator at any time.”

Despite this, and the fact that McGee admitted to “fishing for his phone” after it fell, Tesla was ordered to pay hundreds of millions in damages.

Tesla attorney Joel Smith said in court (via Washington Post):

“He said he was fishing for his phone. It’s a fact. That happens in any car. That isolates the cause. The cause is he dropped his cell phone.”

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In total, Tesla is responsible for $324 million in payouts: $200 million in punitive damages, $35 million to the deceased’s mother, $24 million to their father, and $70 million to their boyfriend, who was also struck but was injured and not killed.

The family of the deceased, Naibel Benavides Leon, also sued the driver and reached a settlement out of court. The family opened the federal suit against Tesla in 2024, alleging that Tesla was to blame because it operated its technology on a road “it was not designed for,” the report states.

Despite the disclosures and warnings Tesla lists in numerous places to its drivers and users of both Autopilot and Full Self-Driving, as well as all of its active safety features, the operator remains responsible for paying attention.

CEO Elon Musk confirmed it would appeal the jury’s decision:

The driver being distracted is a big part of this case that seemed to be forgotten as the jury came to its decision. Tesla’s disclosures and warnings, as well as McGee’s admission of being distracted, seem to be enough to take any responsibility off the company.

The appeal process will potentially shed more light on this, especially as this will be a main point of emphasis for Tesla’s defense team.

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Elon Musk echoes worries over Tesla control against activist shareholders

Elon Musk has spoken on several occasions of the “activist shareholders” who threaten his role at Tesla.

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Credit: xAI | X

Elon Musk continues to raise concerns over his control of Tesla as its CEO and one of its founders, as activist shareholders seem to be a viable threat to the company in his eyes.

Musk has voiced concerns over voting control of Tesla and the possibility of him being ousted by shareholders who do not necessarily have the company’s future in mind. Instead, they could be looking to oust Musk because of his political beliefs or because of his vast wealth.

We saw an example of that as shareholders voted on two separate occasions to award Musk a 2018 compensation package that was earned as Tesla met various growth goals through the CEO’s leadership.

Despite shareholders voting to award Musk with the compensation package on two separate occasions, once in 2018 and again in 2024, Delaware Chancery Court Judge Kathaleen McCormick denied the CEO the money both times. At one time, she called it an “unfathomable sum.”

Musk’s current stake in Tesla stands at 12.8 percent, but he has an option to purchase 304 million shares, which, if exercised, after taxes, he says, would bump his voting control up about 4 percent.

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However, this is not enough of a stake in the company, as he believes a roughly 25 percent ownership stake would be enough “to be influential, but not so much that I can’t be overturned,” he said in January 2024.

Musk’s concerns were echoed in another X post from Thursday, where he confirmed he has no current personal loans against Tesla stock, and he reiterated his concerns of being ousted from the company by those he has referred to in the past as “activist shareholders.”

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Elon Musk explains why he wants 25% voting share at Tesla: “I just want to be an effective steward of very powerful technology”

The CEO said during the company’s earnings call in late July:

“That is a major concern for me, as I’ve mentioned in the past. I hope that is addressed at the upcoming shareholders’ meeting. But, yeah, it is a big deal. I want to find that I’ve got so little control that I can easily be ousted by activist shareholders after having built this army of humanoid robots. I think my control over Tesla, Inc. should be enough to ensure that it goes in a good direction, but not so much control that I can’t be thrown out if I go crazy.”

The X post from Thursday said:

There is a concern that Musk could eventually put his money where his mouth is, and if politicians and judges are able to limit his ownership stake as they’ve been able to do with his pay package, he could eventually leave the company.

The company’s shareholders voted overwhelmingly to approve Musk’s pay package. A vast majority of those who voted to get Musk paid still want him to be running Tesla’s day-to-day operations. Without his guidance, the company could face a major restructuring and would have a vastly new look and thesis.

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People are already finding value in Tesla Robotaxi services

Tesla initially launched its Robotaxi service in Austin, though the company more recently launched it in the Bay Area.

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Credit: Tesla

Tesla’s Robotaxi service is still in its earliest days, but some consumers are already finding surprising value in the autonomous ride-hailing system. 

This was hinted at in recent comments on social media platform X. 

Robotaxi Ramp

Tesla initially launched its Robotaxi service in Austin, though the company more recently launched it in the Bay Area. Tesla’s geofence for its Robotaxi service in the Bay Area is massive, covering several times the area that is currently serviced by rival Waymo. 

As noted by the EV community members on social media, going end-to-end in Tesla’s Bay Area geofence would likely take over an hour’s worth of driving. That’s an impressive launch for the Robotaxi service in California, and considering Tesla’s momentum, its California geofence will likely grow substantially in the coming months.

Secret Advantage

As noted by Tesla owner and photographer @billykyle, the Tesla Robotaxi service actually has key advantages for people who travel a lot for their work. As per the Tesla owner, using a Robotaxi service would give back so much of his time considering that he gets about 5-7 shoots per day at times. 

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“I’ve been reflecting on how much of a game changer this is. As a photographer that runs my own business, servicing clients all around the Philadelphia area, I could ditch having a car and let an autonomous vehicle drive me between my 5-7 shoots I have per day. This would give me so much time back to work and message clients,” the photographer wrote in a post on X.

The Tesla owner also noted that the Robotaxi service could also solve issues with parking, as it could be tricky in cities. The Robotaxi service’s driverless nature also avoids the issue of rude and incompetent ride-hailing drivers, which are unfortunately prevalent in services such as Uber and Lyft. Ultimately, just like Unsupervised FSD, Tesla’s Robotaxi service has the potential to reclaim time for consumers. And as anyone in the business sphere would attest, time is ultimately money.

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