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Elon Musk was telling the truth about his dad’s alleged emerald mine: Isaacson

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Thanks to reports in the past and statements from his own father, Elon Musk’s name will always be related to a narrative suggesting that his family was obnoxiously wealthy because they owned an emerald mine. The emerald mine story is fodder for Musk critics, as it provides an argument that supports the narrative that Musk is fond of lying and that he never really worked his way up. 

To be fair, some of the controversy surrounding Musk and his dad’s alleged emerald mine can be traced back to the SpaceX CEO himself. During a 2014 phone interview, Musk mentioned that his father, Errol Musk, “had a share in an emerald mine in Zambia.” Musk would later walk back on this statement, arguing years later that his father didn’t own an emerald mine. 

Earlier this year, Musk provided some much-needed context about his apparent about-face with regards to his father’s supposed emerald mine. In a post on X, Musk explained that for a while, he believed his father when he was told Errol owned a share in a mine in Zambia. However, nobody has ever seen the mine and there are no records of it. Musk then noted that there’s just no “objective evidence whatsoever” that the mine ever existed.

As per Walter Isaacson, whose book on the Tesla CEO is coming out this week, it turns out that Elon Musk was really telling the truth. Errol Musk never owned an emerald mine. 

The biographer noted that Errol Musk used to own a light plane in the 1980s, and he sold it to an entrepreneur in 1986 in exchange for some emeralds. The emeralds were from a mine that the businessman owned in Zambia. Errol Musk confirmed with Isaacson that the mine was never registered, and he simply imported raw emeralds into South Africa and had them cut in Johannesburg. 

“Many people came to me with stolen parcels. On trips overseas, I would sell emeralds to jewelers. It was a cloak-and-dagger thing because none of it was legal,” Errol Musk told Isaacson. The biographer also noted that Errol Musk’s emerald business collapsed during the 1980s, and he lost his earnings from it. 

From these comments, it would appear that while Errol Musk did have an emerald business for a while, it did not make the family ridiculously wealthy. This is quite in line with what Elon Musk has suggested in the past, though it is quite different from Errol Musk’s past claims. Errol, after all, has claimed in the past that the Musk family had so much money, they could not close their safe. Such an image, apart from being something straight out of a cartoon, is quite suspect considering that Maye Musk, Elon’s mother, stayed at a rent-controlled apartment when she and her children emigrated abroad. 

Don’t hesitate to contact us with news tips. Just send a message to simon@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 might have built redundancies for Cybercab charging

When Tesla unveiled the Cybercab in 2024, the company noted that the autonomous two-seater would utilize wireless charging.

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Credit: @AdanGuajardo/X

A newly spotted panel on Tesla’s Cybercab prototype may point to a practical backup for the vehicle’s wireless charging system as it nears mass production. 

Tesla watchers have speculated that the panel could house a physical NACS port, which would ensure that the autonomous two-seater could operate reliably even before the company’s wireless charging infrastructure is deployed.

Cybercab possible physical charge port

The discussion was sparked by a post on X by Tesla watcher Owen Sparks, who highlighted a rather interesting panel on the Cybercab’s rear. The panel, which seemed to be present in the prototype units that have been spotted across the United States recently, seemed large enough to house a physical charge port.

When Tesla unveiled the Cybercab in 2024, the company noted that the autonomous two-seater would utilize wireless charging. Since then, however, Tesla has remained largely quiet about the system’s rollout timeline. With the Cybercab expected to enter production in a few months, equipping the vehicle with a physical NACS port would allow it to charge at Superchargers nationwide without relying exclusively on still-undeployed wireless chargers.

Such an approach would not rule out wireless charging long-term. Instead, it would give Tesla flexibility, allowing the Cybercab to operate immediately at scale while wireless charging solutions are rolled out later. For a vehicle designed to operate continuously and autonomously, redundancy in charging options would be a practical move.

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Growing Cybercab sightings

Recent sightings of the Cybercab prototype in Chicago point to the same design philosophy. Images shared on social media showed the vehicle coated in road grime, while its rear camera area appeared noticeably cleaner, with visible traces of water on the trunk.

The observation suggests that the Cybercab is equipped with a rear camera washer. As noted by Model Y owner and industry watcher Sawyer Merritt, this is a feature Tesla owners have requested for years, particularly in snowy or wet climates where dirt and slush can obscure cameras and degrade the performance of systems like FSD.

While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip additional exterior cameras with similar cleaning systems. For a vehicle that operates without a human driver,  after all, maintaining camera visibility in all conditions is essential. Ultimately, the charge-port speculation and camera-washer sightings suggest Tesla is approaching the Cybercab with practicality in mind.

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Tesla Model Y dominated China’s NEV sales in December 2025

As per sales data from China, the all-electric crossover finished first among the country’s best-selling EVs and plug-in hybrids.

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Credit: Grok Imagine

The Tesla Model Y ranked as China’s top-selling new energy vehicle in December, leading an intensely competitive market packed with strong domestic brands. 

As per sales data from China, the all-electric crossover finished first among the country’s best-selling EVs and plug-in hybrids. The Model 3 also placed within the country’s top ten vehicles.

Model Y leads China’s NEV rankings

The graphic, shared on X and sourced from Chinese auto industry data aggregator Yiche, listed the top 20 best-selling new energy vehicles in China for December. Tesla’s Model Y claimed the No. 1 position with roughly 65,874 units sold, finishing well ahead of a field dominated by domestic manufacturers such as BYD, SAIC-GM-Wuling, and Xiaomi.

The chart also showed strong performances from other high-volume models, including BYD’s Qin Plus, which sold 46,837 units during the month. Tesla’s Model 3 ranked eighth overall, with just under 28,000 units sold, placing it ahead of numerous locally produced competitors despite its rather premium price.

Tesla China’s strong December

Tesla China had a stellar December 2025. During the month, Tesla sold 97,171 vehicles wholesale in China, as per data from the China Passenger Car Association (CPCA). The result marked Tesla China’s second-highest monthly total on record, trailing only November 2022’s peak of 100,291 units.

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December’s wholesale figure represented a 3.63% increase from the same month a year earlier and a 12.08% jump from November. Industry watchers have suggested that part of the surge was driven by Tesla pulling deliveries forward to allow customers to benefit from more favorable purchase tax policies before year-end. 

Despite this, December’s results suggest that Tesla’s Model Y and Model 3 remain highly competitive offerings in China, which is extremely impressive considering the competition from domestic players and their still premium price.

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Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI

A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.

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Gage Skidmore, CC BY-SA 4.0 , via Wikimedia Commons

Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company. 

A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.

xAI’s valuation jump

Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.

xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.

Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.

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The backbone of Musk’s net worth

Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion. 

Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.

Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.

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