Betting On Elon Musk
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Elon Musk, the famous tech entrepreneur and icon to science enthusiasts everywhere, is – depending upon your point of view – either enormously gifted or an enormous grifter. Or both. Musk is best known as the founder of SpaceX and CEO of electric car company Tesla, from where the King of Nerds has pivoted into an eclectic entrepreneur, taking on projects that run the gamut from industry standard to arguably impossible.
More than any other celebrity this side of Donald J. Trump, Elon Musk is a polarizing, pop-culture-defining enigma. And as a result, betting on Elon Musk – at the odds boards and on the stock market – has become a national pastime.
If you want to make an Elon Musk bet of your own, you can buy a Tesla car, book a flight to Mars, or install a bunch of expensive solar panels on your roof. Alternatively, you can bet on Musk and his ventures with entertainment betting odds at any reputable international sportsbook. These sites often offer Musk-related betting lines, so if you need a break from the world of sports and politics, Musk smells pretty good right about now.
Best Elon Musk Betting Sites
Elon Musk odds – like the man himself – are all over the place. When you wager on the firebrand South African – now the world’s ninth richest person – you won’t be able to make mad bank like he does, but you might be able to pocket a pretty penny that you can parlay into something bigger and better.
From Tesla stock predictions and SpaceX launch schedules to Boring Company products, Hyperloop technology, Neuralink news, and the SolarCity “scam,” the best online sports betting sites often post lines on Musk companies and their wacky, out-there initiatives.
Whether you’re a rabid skeptic or a true believer, you can put your money where Elon’s mouth is.
Current Elon Musk Betting Odds
Who Is Elon Musk?
It’s not exactly like asking “Who is John Galt,” but the South African entrepreneur and tech billionaire has a similar mystique and cult-like following. The Elon Musk biography is interesting, but his origins are typical for the tech entrepreneurs of the current era.
Musk was born in Pretoria, South Africa, on June 28, 1971 . For Elon Musk, college consisted of a stint at the University of Pretoria before he attended Queen’s University in Canada, which he left without a degree. Then, Musk went to the University of Pennsylvania and graduated with a BA in economics and a BS in physics (1997).
What is Entertainment Betting?
Usually, you will find Elon Musk betting odds under the “Entertainment” category of your legal sportsbook site of choice. Entertainment betting is a catch-all category where bookmakers post odds on things like TV show outcomes, celebrity shenanigans, and similar bets that don’t fit into other markets. Some books may include Musk bets under a “Current Events” subsection.
There are a number of Musk entertainment odds out there, ranging from action on when SpaceX will go to Mars to whether or not Musk and the beclowned Johnny Depp will duke it out in the ring over some high-school-style girl drama.
Elon Musk Twitter tirades are also the subject of many an entertainment wager, where bettors can put real money what the unfiltered weirdo will say next. Elon Musk Joe Rogan Experience appearances are always good for a line or three, as well.
As with all betting, entertainment odds are predicated on the American moneyline, and they usually come in the form of over/under entertainment props or yes/no props. The following hypothetical wagers are examples of these:
- Will The SpaceX Starlink Internet Constellation Be Operational Before January 1, 2022?
- Yes -125
- No +185
- What Will The Final Official Hyperloop Speed Be?
- Under 799.5 MPH (-10000)
- Over 799.5 MPH (+8000)
What is Financial Betting?
If you’re looking to wager on the Wall Street performances of Elon Musk’s publicly traded companies, you can do that at most legitimate offshore betting sites. Instead of buying actual stock in these brands, financial betting allows you to place wagers based on where you think a given company’s stock will end on a given day.
Because these literally refresh each trading day, you’ll always see new lines. As such, the following examples merely demonstrate the format of these bets, not the actual current bets (or bet values) themselves:
- Tesla Stock Price At Market Close On 11/3/2020
- Over $1505.25 (-115)
- Under $1505.25 (-115)
- What Will The SpaceX Stock Price Be Upon The Initial IPO?
- Over $45.50 (-115)
- Under $45.50 (-115)
Most of Elon Musk’s brands are not public as of 2020. In fact, the only public company in the vaunted Musk portfolio is Tesla. SunCity was a public venture, but it was absorbed by Tesla as a wholly owned subsidiary in 2016. SunCity’s value plays a very minor role in establishing the Tesla stock price.
Elon Musk Companies
When people hear the name Elon Musk, Tesla is the first thing they think of. Tesla stock earnings – and the Tesla stock forecast – have the company positioned as the world’s most valuable car maker, with a market cap of $276 billion.
For bettors, Tesla odds have been bulletproof lately, and you can make a lot of money investing, or betting, on the brand.
Musk founded SpaceX in 2002, and with every SpaceX launch, the company approaches legitimacy. While SpaceX is a private company right now (meaning you cannot buy SpaceX stock at this time), every good bit of SpaceX news could inch the brand closer to an IPO.
Of course, until it’s public, the only way you can invest is by following SpaceX news and betting on favorable lines when you see them at your sportsbook.
The Hyperloop is a Musk idea mostly based on the old notion of a “vacuum train.”
Musk has hosted several Hyperloop competitions, though the system is very much still in its infancy. For Elon Musk, Hyperloop might actually be his most ambitious, expensive, and difficult project.
Many scientists have called the Hyperloop a fraud, though it could work in theory. The odds are against it, however, and should you ever be able to buy Hyperloop stock (it’s currently a private venture), we’d advise against it. For now.
The Boring Company
A few years after announcing the Hyperloop concept in 2012, Musk needed a way to actually dig tunnels for the thing. Thus, he launched The Boring Company.
There are some related betting lines offered occasionally, particularly on things like whether or not the Boring Company Las Vegas tunnel will be built on time and whether or not the brand will outperform other underground boring companies. These, we say jump on.
However, if you ever have a chance to buy The Boring Company stock, that’s a hard pass. It’s worth noting that the only product this brand has brought to market so far is the Boring Company Flamethrower.
Starlink is company that manufactures a branded series of microsatellites that are being deployed by SpaceX. In other words, Musk’s SpaceX launches Starlink satellites, which demonstrates how intercompany synergy is high on Musk’s list when it comes to business decisions.
Sometimes, you can find odds on what the Starlink Internet cost will be for subscribers, what the Starlink speed will be for uploads and downloads, and so on. You cannot buy Starlink stock, as the company is private, but there have been rumors of its impending IPO, for which you’ll also see betting lines.
Founded in 2006 by Lyndon Rive and Peter Rive (Elon Musk’s cousins), SolarCity – a solar panel installation company – quickly became a monumental loser. The SolarCity reviews were terrible, with substandard quality control, and the SolarCity stock price took massive hits.
With SolarCity lawsuits piling up, Musk engineered a stealthy SolarCity bailout, using Tesla to buy the company from his kin for $2.6 billion. If you ever come across any SolarCity odds, think long and hard before investing any money on them.
The Elon Musk Neuralink Corporation aims to produce implantable brain-machine interfaces (BMIs). Apparently, the only way to defeat the rise of the machines is to become machines ourselves (which Musk says we already are, rendering the company redundant).
Nevertheless, each Neuralink announcement has the potential to cause betting lines to pop up at legal online sportsbooks. Of course, if you’re looking to buy Neuralink stock, you can’t, but the company could go public within the next few years if it makes any substantive gains in the field. That’s a big “if,” of course, and it’s not the kind of “If” bet we recommend.
Elon Musk: Cryptocurrency
It seems that all Elon Musk needs to do is mention an altcoin and cryptocurrency markets begin to fluctuate wildly. He's well aware of his impact and uses it for his financial gain often. The most popular Elon Musk cryptocurrency, Dogecoin, is one that he mentions often, holds a significant stake, and accepts DOGE at the online Tesla merchandise store.
Another favored Elon Musk cryptocurrency, Bitcoin (BTC), can be used to purchase a Tesla, but was temporarily not accepted due to the inordinate power consumption levels of producing altcoins.
TeslaCoin (TES) is a popular cryptocurrency robot wallet management system that claims to be backed by Tesla and the US Government but the legitimacy of that statement is unproven.
Elon Musk Time Person Of The Year Odds
In 2021, Elon Must was Time's Person of the Year after several years of being a top contender. Elon Musk's odds for Time Person of the Year were set at a moneyline of +2500. That means 25-to-1 net payouts were secured by savvy entertainment bettors who got in on the Time POY odds early.
Despite winning in 2021, Elon Must will likely be featured in the Time Person of the Year betting odds annually for the rest of his life.
Elon Musk Odds Of Purchasing Twitter
In 2022, Elon Musk headlines suggested that he was a potential buyer of Twitter, the social media app. The odds of Elon Musk buying Twitter were very favorable, and he ended up purchasing the company after months of negotiations.
There have since been several Twitter props for Elon Musk stepping down from his leadership position, selling the company, or changing rules.
Elon Musk Mars Mission
One of Elon Musk’s main pet projects is to start a Mars colony and move there. Ostensibly, that’s one of the reasons he founded SpaceX. But the SpaceX Mars project is a moonshot on steroids, and it’s not all that credible in the here and now.
Still, you can often find betting lines on the first company to complete a manned mission to Mars, and while the Musk brand is always the favorite, the whole endeavor is difficult to pin down.
There’s almost no chance there will ever be an Elon Musk Mars colony as envisioned in the popular concept sketches floating around on the Internet, but there is an updated Mars Mission timeline for those dreamers out there who are holding out hope to see such an installation in their lifetimes. A Musk moon base seems far more likely (but still not very likely).
In 2021 Elon Musk announced that he plans to build a city of the future in Texas. The city is tentatively named Starbase and will be near the SpaceX launch site in Boca Chica Village near Brownsville, TX. Not much is known of his new town, but he has hinted that it would be directed by "the Doge."
In December of 2020, Musk announced he was selling his Los Angeles and other California properties and moving to Texas. Musk said the Lone Star state would soon be his new base of operations, and he currently has plans to build several manufacturing plants near Austin, Texas.
Elon Musk Controversies
Nary a day goes by without an Elon Musk controversy. That is part and parcel of his mainstream appeal. Much like Donald Trump, the billionaire is always in the news. For the South African, controversial Tweets are a common occurrence, and that has led to popular accusations that Elon Musk is a con man. But is he really?
It all depends on your point of view. It could be that Elon’s just an over-ambitious geek who’s really enthusiastic about his hobbies. Only instead of the middle-aged dad building model rockets in his garage with Hobby Lobby motors, Musk has the capital – and the connections – to go big.
Certainly, not all his ideas will work out. But for “Elon Musk: Con Artist” to be a thing, he would have to knowingly and intentionally oversell and lie to investors. That doesn’t seem to be how he operates. Should you take the things Musk says with a grain of salt? Of course. But is he actively lying? We don’t think so.