Reality of Elon Musk | How he FOOLED Everyone!
The situation was so bad, that while talking to Tucker Carlson, Elon said, that if Trump didn’t win, he would be in a very bad situation.”If he loses, man.” “What if he loses?” “It does seem that way.” Millions of people who had their money invested in the stock market,$70 billion was put in danger, just so that Elon Musk could be made a trillionaire.
12 June, 2026, at 9:30 in the morning, the NASDAQ Stock Exchange in New York. A company called SpaceX was about to start trading here.
Now, listing any company on the stock exchange is a very common thing. It’s very common.But this time, something happened here, that had never happened before.In the very first second of the trading, Elon Musk, the owner of this company, becomes the first trillionaire in the world. $1 trillion. That is, 12 zeros behind 1. Can you visualise it?
It is such a huge amount that if you spend $1 million every day, it will take you more than 2,700 years to go through it.Today, Elon Musk is richer than most of the countries.
He is so rich that if you add the net worth of the next 4 richest people in the world, Google’s founder, Amazon’s founder,Oracle’s founder, Facebook’s founder, their combined wealth will still be lesser than that of this one man.
But do you know the real story behind this number that no one is telling you? It includes the cunningness of the share market, a deal with the President, and a game that will shock you if you hear about it.
Let’s find out the truth about Elon Musk. First of all, it is important to understand this word, trillion. This number is so big, people may speak about it casually, “Over $70 million.” “Billion.” “One trillion dollars.” But it is very difficult for our minds to actually process it. Think about it in terms of time. If you go back 1 million seconds in time, you will go back 11.5 days. It’s not a very long time. But if you go back 1 billion seconds, you will go back 32 years. That is, before you or I were born. But if you go back 1 trillion seconds in time, you will go back 31,000 years. In a time when no human civilisation had even begun.
Today, there are only 21 countries in the world, whose GDP is more than $1 trillion. And Elon Musk’s net worth has crossed this number. Now the question is, how was this net worth calculated? And here comes the first big game of being a billionaire or a trillionaire. According to Forbes, Elon Musk has 38% shares of SpaceX. and the valuation of SpaceX has reached $2.2 trillion. Similarly, Tesla’s valuation is more than $1 trillion. Elon’s share in Tesla is said to be 15-25%.
So, because of his stake in these two companies, Elon has been declared a trillionaire. But here comes the first big problem. And this problem is not only with Elon, but with every billionaire-level rich man. That this money is not liquid. It’s not like they have $1 trillion in their bank account, which they can withdraw from the bank and spend on anything they want.
This money is tied to their shares in their companies. Neither can they sell their shares to get this money in their bank account. It’s a kind of paper wealth. Elon Musk has said that he has only 0.1% cash. And all his net worth is from the shares. 0.1% of 1 trillion is $1 billion in cash. And if he tries to sell the shares of Tesla and SpaceX, the value of these shares will crash in the market. Because a large number of shares will flood the market at once.
Other people who have invested their money in these companies, will think that if Elon is selling shares, it means that the company is no longer valuable. So people will also withdraw their money, and the value of the company will crash. Do you understand what I mean? To a large extent, all this wealth, is just a number on the screen, which depends on how other people value it. If the mood of the market shifts, the paper wealth can fall to half.
The net worth depends on the fundamentals of the company too. How much is a company earning? What is its revenue? What is its profit? And how much is it producing? And here comes the second problem. A question that is now directed towards SpaceX. Is the company really worth $2 trillion? Last year, SpaceX’s value was $400 billion. And now, $2.2 trillion.
But in one year, SpaceX did nothing that could justify this huge valuation. On the contrary, this company is going through a loss. In 2025, this company recorded a loss of $5 billion. A significant loss. And this year, in the last 3 months, it has already incurred a loss of $4.28 billion. I’m not making this up. According to the research firm Morningstar, SpaceX’s actual value is around $780 billion.
Which is only 35-40% of its current price. If you ask if this is true, how did the stock market valuation increase so much? The answer to this is Elon Musk. People are not investing in SpaceX, they are investing in Elon Musk’s dreams.
Economist Burton Malkiel, in his book, A Random Walk Down Wall Street, gives two theories of stock valuation. The first theory is the Firm Foundation Theory. In which the value of a company’s shares depends on the fundamentals. Like how much money the company earns, how much profit it makes. The second theory is the Castles in the Air Theory. Or the dreams you’re sold. The value of shares has nothing to do with the company’s performance. And the valuation depends on the psychological value.
Elon Musk’s both companies fall into this category. They are the masters of making you believe in their version of the future. They sell you big dreams. Like building a human settlement on planet Mars. Or having robot taxis. Building data centres in space. And people buy these dreams instead of the shares of the company.
The a professor at Harvard Business School, Mihir Desai, calls it a financial cult. In which people believe that no matter what the product is, if Elon Musk’s name is associated with it, then it will be successful. But in reality, if you dig into it, you’ll see that it’s opposite. In 2013, Elon Musk proposed the concept of Hyperloop. Hyperloops that would make super-fast transportation possible. Where people would travel at a speed of 600 miles per hour.
He made promises to people, they’d travel between Boston and New York in just 30 minutes. But in reality, it was just a concept, nothing more. In 2023, the company was wound up, because it failed to make any successful products. A man writing Elon Musk’s biography said that Elon got this idea when he saw the California High Speed Rail Project.
But he hated high speed trains. In October 2015, he claimed that Tesla will have fully auto- nomous self-driving capability in 3 years. But the reality is that even after 11 years, Tesla doesn’t have fully autonomous driving capabilities. Similarly, in 2017, he talked about building tunnels under the highways, to reduce traffic. For this, his The Boring Company came up with the concept.
In Las Vegas, a 2 km long tunnel was built exclusively for Tesla cars. But it wasn’t successful. This idea failed terribly because there were traffic jams in these tunnels too. In April 2019, Elon Musk claimed that there would be more than 1 million robotaxis by the following year. It’s 2026, and we don’t see it happening any time soon. In June 2014, Elon Musk had talked about sending people to Mars.
He had said that in 10-12 years, he would send humans to Mars. But today, in 2026, we haven’t heard of any realistic plans. This is why investor Steve Eisman, who had predicted the 2008 economic crisis, “Steve Eisman.” …said that SpaceX’s valuation is madness. According to his, this IPO is straight out of a science fiction story. Made for a cult of science fiction fans.
It’s sad that most people don’t pay attention to this. They are influenced by these fake promises, and invest their money in these companies. Now, here comes another thing that you might not know. How do these billionaires and trillionaires live on loans. I’m not joking. They have a strategy called Buy, Borrow, Die. There are 3 simple steps.
First, to save tax, the rich people keep their money locked in the shares of the companies. They never sell those shares. Because tax is levied only when the shares are sold and they get money for it. If you take an income, you’ll pay Income Tax. Or you’ll have to pay a capital gains tax. But if you don’t sell your shares, you won’t have to pay any tax. So they never sell their shares. And they let the share prices rise, to whether it’s valued in millions or billions. Thereby paying no tax. But this means they have no money, it’s all locked up in their shares. So how can they spend on luxuries and assets?
For that, these billionaires mortgage their shares, and take loans from the banks. They are charged a low interest rate. According to a report by the International Financing Review, Elon Musk has kept one-third of his shares in Tesla, around 236 million shares in mortgaged with the banks.
In 2022, when Elon Musk bought Twitter, Do you know how he got that money? He had mortgaged his shares in Tesla worth $62.5 billion. In return, he had taken a $12.5 billion loan from the bank, as cash. What happened next? He didn’t have to sell the shares, he got the money, and he didn’t have to pay a tax. This is why many millionaires and billionaires show off to fool people, claiming they don take salaries, or that they take on $1 as salary. Actually, by not taking a salary, they’re avoiding having to pay Income Tax. They have the money for their expenses. Either by showing it as company’s expenses, or by taking a loan from the bank. But the country and the common taxpayers are the ones bearing the consequences. Because as a proportion of their wealth, the billionaires pay an insignificant amount as tax. Take Elon Musk’s case for example. His wealth increased by $13.9 billion between 2014 and 2018. But in return, he paid a tax of $455 million. That is only a 3.2% tax.
An average working class taxpayer pays 20-30% of the income tax in America. But Elon Musk paid only 3% as tax. And not just Elon Musk, between 2014 and 2018, the 25 richest people in America paid only 3.4% of the tax. And this is not limited to America, it’s true in every country across the world. In India too, most billionaires and millionaires pay less tax than a common man. Then the third step in this whole game comes. Die. Hold on to the shares, keep on taking loans, and continue like this for the rest of your life.
If they never sell their shares in their lifetime, then any increase in this wealth will never be taxed. But when they die, all these shares will go to their children. And under US tax rules, no capital gains tax will need to be paid on that inherited wealth.
They keep on extending the tenure of the loan periodically. As long as their wealth increases in the stock market, the bank doesn’t have any problem. After they die, when their children inherit this wealth, without paying any taxes, they can sell a small portion of the stock and pay off the loan. In some cases, the banks sell the shares to recover the debt.
Remember, this system works because the banks give them the loan on very low interest rates and under very favourable conditions. By this point, the story was the same for every billionaire. But in Elon Musk’s becoming a trillionaire, his political connections played a huge role. The same lobbying model that the Modi government is running on, that’s benefiting Adani’s empire. It’s the same in Elon Musk’s case.
Before the 2024 American presidential election, Elon Musk’s net worth was $270 billion. But within just two years of Trump becoming President, Musk’s net worth has increased to about 5 times. This was the business side. But what did he have to pay to achieve this?
In the 2024 elections, Elon Musk donated $290 million for Donald Trump’s campaign. Trump’s biggest donor, Musk contributed the most to ensure Trump’s win. It was so bad that while talking to Tucker Carlson, Elon had said, that if Trump didn’t win, he would be in a very bad situation. But unfortunately, for the whole world, And fortunately, for Elon Musk, Trump won the elections. And after winning the elections, the Trump government gives him direct favours. Musk became a shadow President. He was attending cabinet meetings, went on state visits with Trump to China and Saudi Arabia.
Wherever Trump went, Elon Musk finalised deals for his companies. One of the biggest example was seen in India. After Trump was elected the President, in February 2025, Narendra Modi met Elon Musk in America. The of the key issues of this meeting was Starlink’s entry into India. Then on 18th April 2025, Narendra Modi spoke to Elon Musk on the phone, and a few weeks later, Starlink received a letter of intent to start services in India.
The two conditions was under National Security that bothered Starlink, were removed. After about a month, in June 2025, Starlink was granted a satellite internet license in India. Although, according to the latest reports, Starlink’s approval has been frozen. But I wouldn’t be surprised if the government gave it a full approval after a few months. Now, let’s move on. The Trump government changed several rules to benefit Elon Musk. And the biggest example of this is SpaceX’s current IPO.
Earlier, whenever a company used to launch an IPO, major indexes like NASDAQ 100 didn’t list the company directly.Companies had to wait for months and sometimes years. This was done because there are many retirement savings and pension funds in America that invest in big indexes like NASDAQ 100.
The previous American governments didn’t want the retirement savings and pensions of the Americans to be lost because of investing in a fraud company.So companies would have to wait for yeas, so that the stock price of the new company would settle. And it wouldn’t be overvalued. But on Elon Musk’s demand, on SpaceX’s demand, NASDAQ changed this rule. A new Fast Entry rule was introduced. With only a 15-day waiting period.
And as a result, millions of Americans’ retirement, savings, and pensions were automatically invested in Elon Musk’s company. Whether they wanted it or not. Something bigger happened 2 days before the IPO. According to American law, brokers have to keep their customers’s money in a separate, safe account.
So that if the broker goes bankrupt, the customers’ money remains safe. But two days before SpaceX’s IPO, on 10th June, the Securities and Exchange Commission issued a letter. In which it excused the brokers from this rule for SpaceX’s IPO.
That meant that millions of people who invested their money in the stock market, $70 billion was put in danger, just to make Elon Musk a trillionaire. And the story doesn’t end here. On Elon Musk’s recommendation, Trump made Brandon Carr the Chairman of the Federal Communications Commission. Later, Brandon Carr approved the requests of SpaceX and Starlink, and gave him control over two-thirds Low Earth Orbit Satellites. Starlink was given control of 10,300 satellites.
And Musk’s rival, Echo Star, now faces an investigation. In December 2024, before Trump became the President, there were 40 investigations and court cases against Elon Musk and his companies. But as soon as Trump became President, these cases were dropped one after the other. To what extent did Musk’s empire depend on Trump? Trump and Musk’s public fight in 2025 showed this clearly. During the fight, Tesla’s share price fell by 14%.
Elon Musk’s shares, the inflated value, depend to a great extent on the Trump being in power. I believe, if the Democrats come to power in America in 2028, Elon Musk’s net worth will come down to less than half. Many people worship these billionaires, thinking that they have earned their wealth through hard work. They are seen as hardworking inspirations. But in most cases the truth is that their wealth is built on corruption, fraud, and political connections.
The common people have to bear the brunt for this. You pay for it. According to the United Nations World Food Programme, only $40 billion per year is needed to eliminate world hunger by 2030. Meaning only one-fifth of Musk’s net worth can end world hunger.
Similarly, according to an analysis by Oxfam, if 10% tax is imposed on Musk’s wealth, 800 million people could be lifted from extreme poverty. Elon Musk once challenged them. If the World Food Programme could show how they planned to solve world hunger with $6 billion, Musk would sell his shares in Tesla and donate it for this. World Food Programme director, David Beasley responded with a roadmap.
How 42 million people can be saved from starvation with $6.6 billion. But Elon Musk didn’t bother replying. Let alone actually donating. Many people have been ultra rich throughout history. But history doesn’t remember them because of their bank balance. It remembers only what they did with their money. And what they didn’t. Here’s I offer you one advice.
Don’t be a fool and invest your money in such companies. Because one day, there will be a big crash. Invest your money only in the companies with strong fundamentals. Look at indicators like revenue and profit. Don’t look for shortcuts to make money.
Invest on yourself, on your skills.
