X.com was a bust that pivoted into a PayPal clone and merged with them when both companies were nearly out of runway from buying each other's users. He was CEO of PayPal for just months before a mass revolt of the engineering team over his incompetence lead the board of directors to fire him. Tesla has been structurally bankrupt for most of its existence, burning billions of investors' cash and still making no profit selling cars after 12 years [1]. SolarCity was on the verge of bankruptcy so he bailed it out with his other company and is still being sued for that. He's been having Tesla sell car parts to SpaceX (a private company so you can't look at its financials), more shuffling of money around from one company to another to paper over losses. His side gigs -- The Boring Company to build unusable tunnels, Neuralink, etc -- have accomplished nothing. What exactly has he "turned to gold"?

1: https://www.bloomberg.com/graphics/2018-tesla-burns-cash/