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Elon Musk provides critical context on hotly-debated “emerald mine” story

Ministério Das Comunicações, CC BY 2.0 , via Wikimedia Commons

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There are several points of legitimate criticism that are directed at Tesla and SpaceX CEO Elon Musk. Among the most persistent involves claims about an emerald mine, which critics on social media have related to Musk’s fortune and success being built on the back of “stolen jewels,” “blood diamonds,” or “apartheid,” for that matter.

Considering the prevalence of the story, it was no wonder that the claim emerged on Twitter this weekend. This time around, it came in the form of a Community Note on Twitter, which responded to a user’s post stating that Musk had come to the US with no money and graduated with over $100,000 in debt, and that the CEO worked two jobs while he was at school.

As per the Community Note, which has since disappeared from the post, the post was reportedly “misleading” because Musk “was born into an extremely wealthy family in South Africa.” The Community Note received polarizing reactions on Twitter, with supporters of the CEO stating that it was inaccurate and critics celebrating it.

The Musk Emerald Story’s Roots

It should be noted that the Musk family’s relation to an emerald mine was referenced years ago, initially in two reports from Business Insider South Africa from 2018. The reports were based on comments from Errol Musk, Elon Musk’s father, who told the publication, among other things, that Elon and Kimbal at one time sold a pair of emeralds to Tiffany’s in New York City for about $2,000, and that the Musk family was so wealthy that they had difficulty closing their safe.

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Now, the idea of Tiffany’s purchasing emeralds from teenagers who walked in the store may be a bit suspect, as such practices are more commonly affiliated with traditional pawnshops, and the idea of a safe not being closed easily because of too much money inside may sound cartoony, but Business Insider South Africa ran with the story anyway. At the end of the article, however, the publication noted that Errol’s story could not be confirmed by Elon because the father and son have a complicated history.

Elon Musk’s Changing Narrative

What is rather interesting here is that Musk has actually referenced an emerald mine in past interviews as well. In a 2014 interview with Forbes, Musk noted that “This is going to sound slightly crazy, but my father also had a share in an Emerald mine in Zambia.” In posts on Twitter in December 2019, however, Musk noted that his father “didn’t own an emerald mine.” Granted, there’s a notable difference between “owning” a mine and “having a share” in one, but the apparent change in Musk’s narrative is notable.

The Crucial Piece

Fortunately, Musk’s recent post on Twitter provided some critical context on why his own interviews and later posts and comments contradict each other. As noted by Musk in his recent post, he actually believed that it was true for some time because his father told him that he owned a share in a mine in Zambia. However, it appears that nobody has really seen the mine, and he and his brother Kimbal are still financially supporting their father, even until today. Musk also shared some thoughts on his complicated relationship with his father.

“Our condition of providing him financial support was that he not engage in bad behavior. Unfortunately, he nonetheless did. There are young children involved, so we continued to provide financial support for their well-being. Regarding the so-called “emerald mine”, there is no objective evidence whatsoever that this mine ever existed. He told me that he owned a share in a mine in Zambia, and I believed him for a while, but nobody has ever seen the mine, nor are there any records of its existence. If this mine was real, he would not require financial support from my brother and me,” Musk wrote.

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Whether or not Musk is telling the complete truth in his recent post on Twitter is still up for question. That being said, Musk’s post does explain why his comments and stance on his father’s emerald mine stake have changed over the years. If his post is accurate, then it is true that he believed that his father had a share in an emerald mine in the past, but it is also true that he is very skeptical of the claim today. His recent comments then, one of which is offering 1 million Dogecoins to anyone who can trace the emerald mine related to his father, would make sense.

Maye Musk, Elon Musk’s mother, also provided her own thoughts on the matter. As per Maye, she was made aware of the emerald mine story on Twitter about ten years ago. That being said, she also highlighted that when she and her children moved to Toronto in 1989, they stayed at a one-bedroom apartment and later a rent-controlled unit, hardly the accommodations of an extremely wealthy family from South Africa.

Errol Musk’s Most Recent Comments

To be fair, recent comments from Errol Musk also suggested that the emerald mine that he had a share in was not some grand operation that resulted in generational wealth.

“What Elon is saying is that there was no formal mine. It was a rock formation protruding from the ground in the middle of nowhere. There was no mining company. There are no signed agreements or financial statements. No one owned anything. The deal was done on a handshake with the Italian man at a time when Zambia was a free for all. Not even he knew exactly where the border was. At that time, it was like the Wild West,” Errol Musk told news.com.au.

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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 opens Supercharging Network to other EVs in new country

Tesla’s Supercharging infrastructure is the most robust in the world, and it has done a wonderful job of keeping things up and running for the millions of owners out there. As it expanded access to non-Tesla EVs a couple years back, it has still managed to keep things pretty steady, although the need for more charging is apparent.

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Kia EV6, EV9 and Niro Owners Gain Access to Over 21,500 Tesla Superchargers

Tesla has started opening its Supercharging Network, which is the most expansive in the world, to other EVs in a new country for the first time.

After expanding its Supercharging offerings to other car companies in the United States a few years ago, Tesla is still making the move in other markets, as it aims to make EV ownership easier for everyone, regardless of what manufacturer a consumer chose to purchase from.

Tesla’s Supercharging infrastructure is the most robust in the world, and it has done a wonderful job of keeping things up and running for the millions of owners out there. As it expanded access to non-Tesla EVs a couple years back, it has still managed to keep things pretty steady, although the need for more charging is apparent.

Now, Tesla is expanding access to the Supercharger Network to non-Tesla EVs in Malaysia. The automaker just opened up a charging stie at the Pavilion KL Mall in Kuala Lumpur to non-Tesla owners, giving them eight additional Superchargers to utilize with a charging speed of up to 250 kW.

Tesla is also opening up the four-Supercharger site in Shah Alam, a four-Supercharger site at the IOI City Mall, and a six-Supercharger site in Gamuda Cove Township.

Electrive first reported the opening of these Superchargers in Malaysia.

The initiative from Tesla helps make EV ownership much simpler for those who only have access to third-party charging solutions or at-home charging. While at-home charging is the most advantageous, it is not an end-all solution as every driver will eventually need to grab some range on the road.

Tesla has been offering its Superchargers to non-Tesla EVs in the United States since 2024, as Ford became the first company to gain access to the massive network early that year when CEO Elon Musk and Ford frontman Jim Farley announced it together. Since then, Tesla has offered its chargers to nearly every EV maker, as companies like Rivian and Lucid, and even legacy car companies like General Motors have gained access.

It’s best for everyone to have the ability to use Tesla Superchargers, but there are of course some growing pains.

Charging cables are built to cater to Tesla owners, so pull-in Superchargers are most advantageous for non-Tesla EVs currently, but the company’s V4 Superchargers, which are not as plentiful in the U.S. quite yet, do enable easier reach for those vehicles.

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Tesla Semi expands pilot program to Texas logistics firm: here’s what they said

Mone said the Tesla Semi it put into its fleet for this test recorded 1.64 kWh per mile efficiency, beating Tesla’s official 1.7 kWh per mile target and delivering a massive leap over conventional diesel trucks.

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Credit: Mone Transport

Tesla has expanded its Semi pilot program to a new region, as it has made it to Texas to be tested by logistics from Mone Transport. With the Semi entering production this year, Tesla is getting even more valuable data regarding the vehicle and its efficiency, which will help companies cut expenditures.

Mone Transport operates in Texas and on the Southern border, and it specializes in cross-border U.S.-Mexico freight operations. After completing some rigorous testing, Mone shared public results, which stand out when compared to efficiency metrics offered by diesel vehicles.

“Mone Transport recently had the opportunity to put the Tesla Semi to the test, and we’re thrilled with the results! Over 4,700 miles of operations at 1.64 kWh/mile in our Texas operation. We’re committed to providing zero-emission transportation to our customers!” the company said in a post on X.

Mone said the Tesla Semi it put into its fleet for this test recorded 1.64 kWh per mile efficiency, beating Tesla’s official 1.7 kWh per mile target and delivering a massive leap over conventional diesel trucks.

Comparable Class 8 diesel semis, typically achieving 6-7 miles per gallon, consume roughly 5.5 kWh per mile in energy-equivalent terms, meaning the Semi uses three to four times less energy while also producing zero tailpipe emissions.

Tesla Semi undergoes major redesign as dedicated factory preps for deliveries

The performance of the Tesla Semi in Mone Transport’s testing aligns with data from other participants in the pilot program. ArcBest’s ABF Freight Division logged 4,494 miles over three weeks in 2025, averaging 1.55 kWh per mile across varied routes, including a grueling 7,200-foot Donner Pass climb. The truck “generally matched the performance of its diesel counterparts,” the carrier said.

PepsiCo, which operates the largest known Semi fleet, recorded 1.7 kWh per mile in North American Council for Freight Efficiency testing. Additional pilots showed similar gains: DHL hit 1.72 kWh per mile, and Saia achieved 1.73 kWh per mile.

These metrics underscore the Semi’s ability to slash operating costs through superior efficiency, lower maintenance, and zero-emission operation. As charging infrastructure scales and production ramps toward 2026 targets, participants like Mone Transport are proving electric semis can seamlessly integrate into freight networks, accelerating the industry’s shift to sustainable, high-performance trucking.

Tesla continues to prep for a more widespread presence of the Semi in the coming months as it recently launched the first public Semi Megacharger site in Los Angeles. It is working on building out infrastructure for regional runs on the West Coast initially, with plans to expand this to the other end of the country in the coming years.

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SpaceX weighs Nasdaq listing as company explores early index entry: report

The company is reportedly seeking early inclusion in the Nasdaq-100 index.

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Credit: SpaceX/X

Elon Musk’s SpaceX is reportedly leaning toward listing its shares on the Nasdaq for a potential initial public offering (IPO) that could become the largest in history. 

As per a recent report, the company is reportedly seeking early inclusion in the Nasdaq-100 index. The update was reported by Reuters, citing people familiar with the matter.

According to the publication, SpaceX is considering Nasdaq as the venue for its eventual IPO, though the New York Stock Exchange is also competing for the listing. Neither exchange has reportedly been informed of a final decision.

Reuters has previously reported that SpaceX could pursue an IPO as early as June, though the company’s plans could still change.

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One of the publication’s sources also suggested that SpaceX is targeting a valuation of about $1.75 trillion for its IPO. At that level, the company would rank among the largest publicly traded firms in the United States by market capitalization.

Nasdaq has proposed a rule change that could accelerate the inclusion of newly listed megacap companies into the Nasdaq-100 index.

Under the proposed “Fast Entry” rule, a newly listed company could qualify for the index in less than a month if its market capitalization ranks among the top 40 companies already included in the Nasdaq-100.

If SpaceX is successful in achieving its target valuation of $1.75 trillion, it would become the sixth-largest company by market value in the United States, at least based on recent share prices. 

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Newly listed companies typically have to wait up to a year before becoming eligible for major indexes such as the Nasdaq-100 or S&P 500.

Inclusion in a major index can significantly broaden a company’s shareholder base because many institutional investors purchase shares through index-tracking funds.

According to Reuters, Nasdaq’s proposed fast-track rule is partly intended to attract highly valued private companies such as SpaceX, OpenAI, and Anthropic to list on the exchange.

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