Recently, Informa Connect forecasted that Elon Musk could become the world’s first trillionaire by 2027, sparking widespread discussion. Currently, Musk holds a net worth of nearly $250 billion, and if his wealth continues to grow at an average rate of 110% per year, reaching the trillion-dollar mark may not be far off.

However, CNN argues that this prediction overlooks crucial factors, relying on assumptions that are no longer relevant to the current market. Musk’s previous 110% growth rate was primarily driven by the soaring stock price of Tesla, but now, Tesla faces fierce competition from numerous new players in the electric vehicle sector. The company has had to lower prices to remain competitive but has yet to drop below $30,000 per vehicle.

Additionally, Tesla is experiencing a significant crisis, with its stock losing two-thirds of its value in 2022. Numerous products have been recalled for repairs, negatively impacting the company’s image. Given these reasons, even though Tesla has a large market capitalization, the possibility of Musk reaching a trillion dollars remains uncertain. Other ventures like The Boring Company and Neuralink are also struggling, making the path to “trillionaire” seem more distant than ever.