First of all: Is he serious?
Elon Musk is definitely not to be underestimated. Defying widespread skepticism about the commercial viability of electric vehicles, he challenged the incumbent auto giants and built up a company,
Higgins’s book demonstrates that when Musk, who is now the world’s richest person, based on the value of his stake in Tesla, decides to do something—be it building commercial electric vehicles or colonizing Mars—he will move mountains to make it happen. Last week, Musk announced that he wants to buy Twitter, and he is prepared to pay its shareholders about forty-three billion dollars for the privilege.
One reason for Wall Street’s skepticism is that Musk hasn’t explained how he would come up with the cash to pay for the acquisition. Appearing at aevent last Thursday, Musk said that he had “sufficient assets” to finance a takeover, and, on the face of it, this seems to be true. According to the Bloomberg Billionaires Index, he is currently worth about two hundred and fifty billion dollars, making him easily the world’s richest individual.
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