'Holy Toledo!' - CNN Anchors Shocked By Elon Musk Announcement

Hey, ladies and gentlemen, this is Carmine Sabia for Explain America and Holy Toledo

This is big news for Elon Musk. Before we get started, please make sure you like, comment, share, and subscribe

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It really helps us out. guys Elon Musk is one of the richest men if not the richest man in the world it depends on the day

and isn't that nice to be in that position where it depends on the day

and he just got great news after the presidential election seat not only did his guy win president-elect Donald Trump

but Elon kind of won too why how did he win well he's going to be in Dodge or

Doge which is the Department of Government Efficiency which is newly created by Trump or will be newly created by President Electrum But also and this is what shocked the CNN anchors when they looked at it he increased his net worth by over

$100 billion. And they were stunned by this in the past year, around

$100 billion. I think it was less, actually, but around $100 billion. $100 billion

You know, and it occurs to me that a lot of people would like to increase their net worth

by $100 and be satisfied with I'd like an extra $100. But $100 billion

So God bless him. That's fantastic news for him. But there was something else in the beginning of this video that I want you to see

They've calculated how much money the government is actually wasted. And it's over $2 trillion

Two trillion dollars wasted in decades by the government. I want you to watch this video

And let me know what you think in the comments. what they say, right? Everybody, everybody can. So tell me something I don't know

Yeah look here something you don know How much government waste and just government spending errors payment errors over the last 20 years My goodness gracious Look at that It trillion since 2003

How about in the last year it was $236 billion. Now correcting for those errors is easier said than done

but there is no doubt that there's government waste and government waste that everyone can agree upon error

That's right. And I understand, right? Getting rid of it, fixing it, that's a separate thing

but just being able to acknowledge that it's there and putting numbers on it is crucial. So as Musk wants to cut, cut, cut, cut

obviously from the federal government and he wants to cut federal employees as well

He's made that clear. His bottom line actually has been going up recently

just how rich is he right now? To quote Jackie Wilson, his wealth becomes higher and higher

I mean, my goodness gracious, over the last year and since election day

look at these numbers. A year ago, according to Bloomberg's billionaire index, it was $22 billion

On election date, it was $2,000, Just in the last month. Holy Toledo nearly billion Richer Elon Musk is now than he was a month ago I think it billion as you doing the math on your calculation I just yeah 35 increase

I was just quickly doing that. I was doing the increase. Okay, that's incredible. I mean, I would return anybody would look for

Go ahead and annualize that one. Okay, but this is after a judge, again, struck down a $100 billion pay package that Musk wanted

I know why I'm laughing. It's just sort of the numbers become almost, you know, Comical

Yes. The vast majority of his wealth, though, he's got rockets. He's got other things

But it still comes from Tesla, right? Yeah, it absolutely comes from Tesla

And just look at the growth in the Tesla stock over the last year. I mean, my God, look at this

49% up. Compare that to the baseline. The S&P 500 is only up 32%

And Apple, of course, a great stock only up 28%. The bottom line is Tesla, and big part because of Elon Musk has been a massively successful stock

Massively. All right. Thank you very much. Harry. And I want to go now to Austin Goalsby, the president of the president

the Federal Reserve Bank of