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Elon Reeve Musk (born 28 June 1971) is a South African-born entrepreneur and business magnate resident in the United States. He is the founder, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; president of the Musk Foundation; and owner of X Corp., formerly known as Twitter, Inc. With an estimated net worth of about US$487.3 billion as of October 2025, Musk is the wealthiest person in the world according to the Bloomberg billionaires index and the Forbes real-time billionaires list.
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People tend to think like, 'Why should electric vehicles have a subsidy,' but they're not taking into account that all fossil fuel-burning vehicles fundamentally are subsidized by the cost—the environmental cost—to Earth, but nobody's paying for it... We are going to pay for it, obviously—in the future we'll pay for it. It's just not paid for now.