Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status.

Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the Forbes billionaires list.

Musk owns 12% of Tesla, which is worth more than $1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.

    • JohnEdwa@sopuli.xyz
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      20 hours ago

      Shockingly, boycotts don’t work if the actual customers don’t take part in them. Companies don’t care about your feelings, they care about money, and “I’m never buying a thing because of reasons!” doesn’t matter if you weren’t about to buy one in the first place.

      • FlexibleToast@lemmy.world
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        20 hours ago

        Correct. That’s why successful boycotts usually only happen because the company was already in decline. I would argue that the Disney/ABC situation was that.

    • palordrolap@fedia.io
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      1 day ago

      Did you miss the whole Jimmy Kimmel thing? Disney cancelled him so people started cancelling their Disney subscriptions. Suddenly they reconsidered.

      Boycotts don’t always work, sure, but sometimes they do and that’s enough to prove that they’re worth trying in the first place.