Tesla stock closed at a fresh record high on Tuesday, completing a monthslong rebound from severe losses earlier in the year.

“Elon Musk is now personally worth 7,400,000 BTC,” Burnett wrote, adding, “The fastest way for Elon to hit $1 trillion would be to begin buying BTC in size. And he can continue using that capital as collateral to build space and AI companies, while the collateral continues to appreciate measured in USD.”

A video circulating online appeared to show a Tesla Model Y robotaxi with no safety monitor inside driving on Austin streets.

The Tesla head has repeatedly boasted that the robotaxi ride-hailing service is scaling imminently. On the Q3 earnings call on Oct. 22, Musk said Tesla plans to have its service operate in eight to 10 major metro areas by the end of 2025. On the Q2 call, Musk had predicted Tesla ride-hailing would cover half the U.S. population.

On the heels of adding nearly $200 billion to his net worth, Elon Musk’s Tesla seems to have landed in some hot water

Elon Musk had jokes when Apple started hiring his former engineers—until he needed Apple to buy his company. It was classic Musk: flippant, cutting, and aimed directly at one of the most powerful companies on Earth.

Using Tesla's current shares outstanding (3.5 billion) and the market cap target suggests a share price of about $2,400. That's nearly 6 times the current share price, which is extremely ambitious. (Note that 424 million shares multiplied by $2,400 gets you to over $1 trillion.)

The SpaceX CEO just woke up $168 billion richer and set the bar for the first person estimated to be worth more than $600 billion.