Monday, December 23, 2024

Will Elon Musk’s Drug Use Derail Tesla?

Elon Musk Drug Use Spooks Investors

Practical Investment Analysis for the New Energy Economy

Will Elon Musk’s Drug Use Derail Tesla?

Jeff Siegel | Dec 23, 2024

Elon Musk's drug use seems to be scaring off investors. 

elon musk drug use

Or at least that’s what some in the media want you to believe. 

But the truth is, this is just one more attempt to discredit one of the greatest entrepreneurs of our time.

Earlier this year, the Wall Street Journal reported that Elon Musk was using a variety of illegal psychedelic drugs, including LSD, MDMA and psychedelic mushrooms. 

Following that report, Musk prepared himself to answer questions from the government.  This, because the accusations of drug use could potentially affect his security clearance for SpaceX.  Fortunately, the Pentagon never asked any questions, and we didn’t hear much more after that.

But last week, the Wall Street Journal published a new piece that suggested SpaceX executives haven’t sought higher clearance for Musk, partly in an effort to avoid questions about his drug use and contact with foreign nationals.

While the latter is understandable, the former is not. 

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The truth about the Elon Musk drug use story

To be sure, if Musk was strung out on heroin, concerns about drug use would be valid. 

But the drugs he’s been accused of using haven’t affected his ability to do his job.  And in some cases, may have made him more successful.  Certainly this wouldn’t be the first time a gifted entrepreneur has benefitted from using substances that the government decided were off limits.

Take Steve Jobs, for instance. 

Jobs was very open about his use of LSD.  He claimed that it was one of the most important things he had ever done in his life.

And Sam Altman, the CEO of Open AI.  Altman said that his experiences with psychedelics profoundly transformed his outlook on life.  Given that Altman’s net worth now exceeds $1billion, it would be hard to argue that his use of these substances affected his ability to deliver for shareholders.

Other hugely successful entrepreneurs that have used psychedelics include:

  • Former Whole Foods CEO, John Mackey — Net worth: $85 million
  • Google Co-Founder Sergey Brin — Net worth: $154.5 billion
  • GoDaddy Founder Bob Parsons — Net worth: $3.9 billion
  • Microsoft Co-Founder Bill Gates — Net worth: $107.1 billion
  • Podcaster and Comedian Joe Rogan — Net worth: $200 million

This idea that using psychedelics presents some sort of obstacle to one’s ability to build great things and create significant wealth is at odds with the truth.  Even the federal government, which really has no right to ban such substances if you believe the basic fundamentals of personal sovereignty, doesn’t care if Elon Musk takes mushrooms.  And neither do shareholders who continue make a boatload of cash by investing in Musk’s companies.  Particularly Tesla (NASDAQ: TSLA).

Those who were smart enough to buy shares right after it went public, and still own it today, are sitting on massive gains.  In fact, had you invested $20,000 in Tesla when it first went public, that initial investment would now be worth $7.3 million.

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So clearly, when I hear folks criticize Elon Musk for his use of psychedelics, all I can do is laugh.  And of course, count my winnings.

And I’ll be honest.  To this day, I continue to invest in opportunities that Musk himself has championed.  Like AI Equity Checks, for instance.

If you’re unfamiliar, AI Equity Checks allow you to earn a steady stream of income by exploiting a little-known legal code known as Public Law 81-774.  These AI Equity Checks are divvied out — month after month — from a giant pot of money valued at $5.42 billion.

They’re also what Elon Musk has said can create “universal high income” for everyday people.  Another psychedelics-using CEO, Sam Altman has also called one source of these AI Equity Checks, the “American Equity Fund.”

Love him or hate him, Elon Musk is a verifiable genius entrepreneur.  With Tesla, he’s already helped create enormous wealth for everyday folks.  And if he’s bullish on these AI Equity Checks, you better believe we are, too.

That’s why our research team here at Energy & Capital put together this short Beginner’s Guide to AI Equity Checks, which you can download for free, right here.

To a new way of life and a new generation of wealth...

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's page.

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