The Economic Impact of Elon Musk on the US Economy

Few understand that quite apart from making himself rich, Elon Musk is a job-creating, tax-paying, economy-boosting force. Through his companies - Tesla, SpaceX, xAI, The Boring Company, and Neuralink -Musk has funneled hundreds of billions into American pockets over the past five years (2021-2025). This isn’t abstract Wall Street stuff; it’s real money circulating in communities, from factory floors in Texas to engineering hubs in California. Let’s break it down with hard numbers, showing how Musk’s ventures pump lifeblood into the US economy.
Jobs and Paychecks: Fueling the American Dream

Musk’s companies have paid out a staggering $110.7 billion in salaries over five years—enough to give every person in Los Angeles a $27,000 check. This cash supports over 200,000 workers at peak, from welders building Cybertrucks to coders dreaming up Mars rockets. It’s not just high-flying execs; average pay hovers around $160,000 at Tesla, keeping families housed, kids in school, and local diners buzzing.

https://x.com/TeslaLarry/status/1988643932247388253

Dzodzo potvrzujes to? Koupis si zas elektricky auto? Nebo se vratis ke spalovaku?

DOKIS:Rika.

One of the most promising indicators for the industry is the high rate of repeat EV ownership. In 2026, approximately 243,000 franchise EV leases are expected to expire—more than triple the number in 2025. Based on current patterns, 62% of those returning lessees are likely to replace their vehicles with another EV.

The 2025 U.S. Electric Vehicle Experience (EVX) Ownership Study found that 94% of current EV owners plan to consider an EV for their next purchase or lease, with 79% saying they “definitely will.” This strong retention rate signals a deepening attachment to electric mobility among early adopters.