Elon Musk is the richest man in the world and has control over three companies; Tesla (NASDAQ:TSLA), X, and SpaceX. A single company faces constant threats that a CEO must always be aware of. Acting as the CEO of three means that the number of threats increases exponentially.
This year will be a lot like 2023 from the perspective that Elon Musk’s companies will be threatened by other stocks. Whether it’s the electric vehicle industry, social media or the space race, Elon Musk is certainly going to have to deal a lot with a lot in 2024. He is only human and cannot deal with everything. That will open the door to opportunity for these firms.
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