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Step aside forecasters and predictors – there’s a new prophet in town, Elon Musk. He’s already proven himself with predictions that have made him the richest man in the world. In fact, no one is better at predicting the future than Elon Musk. Except for maybe Doc Brown in Back to the Future.

Musk predicts that 2024 will be even more crazy than the last few years. “2024 is gonna be even more crazy is my prediction,” billionaire  Musk replied to a follower on X who had hoped to have a normal year in 2024 after ‘four years of crazy’.

In 2024, there will be historic elections in about 70 countries, including the US, Mexico, India, and South Africa. It will be a crucial test for democracy. With more than 3.7 billion voters, their decisions will have a huge impact on the entire future of the world.

Musk says he can not see himself supporting President Joe Biden in the 2024 election and also praised General Motors as the leader of electric vehicles in the U.S. while criticizing Biden for ignoring Tesla. 

Besides 2024 being a crazy year politically, what else is in Elon Musk’s crystal ball? He is passionately optimistic and predicts the Coming Age of Abundance.

This is a time when there will be no shortage of power, electricity mainly through solar. There will be no limit to energy. We will increase grids by buffering it with batteries. Communication will be significantly better  – presently 86% of the planet uses smartphones. The internet will be universal.

Global extreme poverty: 90% of the world was in extreme poverty in the 1800’s. In 1981, it was 42%. Today, it is under 10% of the world.

Musk avoids mentioning the Russia-Ukraine War, Israel-Hamas War, and the imminent China invasion of Taiwan, His predictions are mostly about his businesses, because – after all – he’s a businessman.

Tesla

Tesla’s 2024 outlook remains uncertain, with analysts concerned about fierce competition, financial scrutiny, and the challenge of balancing growth.

Elon Musk is trying to convince Middle America to buy Tesla’s, but there are challenges on many fronts. Mostly, its’ “stale” lineup is not attracting new buyers. Although it delivered almost 450.000 EV’s domestically in 2023, 2024 doesn’t look as good. Tesla will introduce a refreshed Model Y in mid-year 2024 but that’s about it.

SpaceX & Starlink

Elon Musk’s SpaceX will be worth about $500 billion by 2030, according to billionaire investor Ron Baron. SpaceX’s current valuation of about $150 billion makes it one of the most valuable private companies in the world.

SpaceX’s satellite internet unit, Starlink, is the world’s largest satellite company and has a network of about 5,000 low-Earth satellites.
SpaceX is on track to make about $9 billion this year across its rocket launch and Starlink units, with sales projected to rise to about $15 billion in 2024.

Artificial Intelligence

“A future of mankind living alongside AI with superhuman intelligence isn’t guaranteed to be a utopia,” Musk says. “I do think overall the potential is there for AI to have most likely a positive effect and create a future of abundance where there is no scarcity of goods or services. But AI could create a future where ‘no job is needed’: ‘AI will be able to do everything.’

“We will have profound artificial intelligence at a level that far exceeds human intelligence,” he predicts. “It seems to be growing in capability by perhaps five or tenfold per year. It will certainly grow by an order of magnitude next year.’

But he has a dire prediction that AI might wipe out humanity, but it could also create a utopia where no one needs to work and everybody is paid a “universal high income.” It sounds like 1984 – Marxist or dystopian.

“But it is the magic genie problem: if you have a genie that can grant wishes, usually those stories don’t end well. Be careful what you wish for.”

“I’m putting so much blood, sweat, and tears into a work project and burning the 3 a.m. oil, then I’m like, wait, why am I doing this? I’ll just wait for the AI to do it,” he joked.

Lifespan

Remember when Geraldo Rivera said, “70 is the new 50?” Well, it’s been upped a little. We are edging closer toward a dramatically extended health span — where ‘100 is the new 60.’

Although Musk is credited with saying this, he has backed off a little. “We seem to be leveling off with a mid-80-year lifespan,” he said.

Mars – The Road to Making humanity interplanetary.

You want to wake up in the morning and think the future is going to be great – and that’s what being a spacefaring civilization is all about. It’s about believing in the future and thinking that the future will be better than the past. And I can’t think of anything more exciting than going out there and being among the stars. – Elon Musk