© Reuters What other ventures does the Tesla CEO have in mind?
Tesla (NASDAQ:TSLA) first became an IPO on July 2, 2010. Its initial listing price was $3.84. An initial investment of $100 in 2010 would be worth more than $32,000 at its peak in November 2021. Obviously, it would take incredible insight and patience to make those gains, but the recipe is there. Musk became the largest shareholder in 2004 and CEO in 2008. Originally Tesla Motors (NASDAQ:), the company was founded in July 2003 by Martin Eberhard and Marc Tarpenning.
It was a long way from the start to the $1,240 per share price, but once Elon took over as CEO, things started moving fast. It’s easy to understand the interest in Elon. This has found astronomical success in the business world while he took on the role of troll on Twitter (NYSE :). He routinely pushes the limits and buttons of others, he has repeatedly annoyed other billionaires, and he can apparently single-handedly alter the course of any cryptocurrency he names. You can love him or hate him, but it’s smart to pay attention to his movements. His vision for business speaks for itself. Aside from Tesla, SpaceX, Twitter, etc., what else is this man up to?
Neuralink has been in the news on and off for years, capturing the public imagination after Elon spoke about its potential on the Joe Rogan Podcast. Neuralink, if you’re not familiar, is a neurotech company focused on developing brain-computer interfaces. This technology would potentially allow those who are blind due to injury to regain their sight, people to engage in a form of telepathic communication, disease prediction, AI symbiosis, access to memories on demand, etc. The possibilities are endless and it seems that everything you can dream of Neuralink providing is within the realm of possibility. So what if your only dream is to invest in NEURALINK early?
From December 27, 2021, it was possible to invest in Neuralink through tokenized shares on Orderbook.io. Orderbook is a decentralized trading platform that allows you to invest in companies before they go public. The tokenized shares serve as digital assets that are backed by the actual shares of Neuralink 1:1. By purchasing such assets, you purchase tokens that represent equity shares in a corporation but not ownership rights in the underlying equity. Instead, you own a secured derivative of the underlying stock that tracks its performance. The limited number of tokenized shares were quickly bought. Your best bet is to keep an eye out for more potential tokenized shares, as they aren’t likely to go public anytime soon.
Another Musk startup is The Boring Company. The Boring Company is an American tunneling and infrastructure services company founded by Elon Musk. His ongoing and proposed projects are designed for intra-city transit systems. TBC has completed two tunnels in Las Vegas for circular trips. The company is valued at around $6 billion.
The appeal is real, eliminating traffic congestion and greatly reducing transport time and, in theory, greatly increasing safety. There are a ton of hurdles to jump through, including zoning laws, local, state, and federal governments, etc. However, the technology is undeniable and the demand is huge. However, given the massive valuation and Elon’s tendency to care more about the target than the dollars, it may be a while before this company hits the stock market. However, it might be wise to set up alerts for the company that could literally transform the way we live (being able to get to work in 45 minutes, which used to take a few hours) because once there’s an opportunity, it’s gone fast.
Elon is at the forefront of technology and aims to solve real-world problems. Similarly, here are some (non-Elon) stocks worth monitoring:
- NVIDIA (NASDAQ:) (NASDAQ:NDVA) develops computer graphics processors, chipsets, and related multimedia software.
- Lucid Group (NASDAQ:LCID) designs, develops and builds energy storage systems for electric cars.
- Rivian Automotive (NASDAQ:RIVN) designs, develops and manufactures category-defining electric cars and accessories.
- Nikola (NASDAQ:NKLA) provides zero-emission transportation and infrastructure solutions.
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