Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Billionaire Watch

Elon Musk closes in on Jeff Bezos for world’s richest man title

Olumide AdesinabyOlumide Adesina
2 years ago
in Billionaire Watch, Market Views
Elon Musk, Tesla, SEC, Stock, Twitter, COVID-19: Tesla’s Elon Musk to produce ventilators as fast-spread of disease lingers

Elon Musk

Share on FacebookShare on TwitterShare on Linkedin

Tesla’s outstanding performance this year has gotten critics of the fast-rising tech company off their tail.

The man behind such an ambitious project, Elon Musk, is now worth $155 billion and within striking distance of the present world’s richest man, Jeff Bezos, estimated to be worth $185 billion, according to data retrieved from Bloomberg Billionaire Index.

READ: Elon Musk becomes World’s 3rd richest person

Tesla Inc. CEO, Elon Musk, the electric-vehicle entrepreneur, has surely turned fabulously wealthy this year, taking into consideration that despite the prevailing COVID-19 pandemic he gained about $128 billion – a feat not seen in the history of humanity.

Tesla Stock surprisingly has returned about 855.31% within a year alone to investors and now has a market capitalization that stands at $608 billion (Bigger than Africa’s largest economy).

READ: Hyundai partners Kia to invest €100m in electric vehicles 

What you should know about Elon Musk

  • Elon is also the CEO of Space Exploration Technologies, a rocket manufacturer tapped by NASA to resupply the space station.
  • His company, Tesla, founded in 2003, is a California-based company that sells electric vehicles.
  • Tesla was started by a group of engineers, who wanted to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker, and more fun to drive than gasoline cars.
  • Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.

READ: Apple and Tesla shares skyrocket after stock splits

  • Tesla remains the only major carmaker to have a huge physical presence in the world’s second-largest economy. With the electric-car maker’s launch of a new factory in China in 2019 and the beginning of its Model Y models earlier this year, investors may want to continue holding.
  • His wealth gain is largely attributed to Tesla, the electric car automaker, which has gained 800% in 2020 and has become by far the world’s most valuable automaker in the world, despite it producing far less than Volkswagen, Toyota, or General Motors.

READ: Renault eyes electric cars for China, as demand for petrol cars drops

Nairametrics, few months ago, highlighted major reasons why it believed the stock was a strong buy and could surpass the present most valuable listed technology company.

READ: Rwanda set to launch first-of-its-kind Green City worth $4.5 billion

Related

Tags: Business NewsElon MuskGeneral Motors.Jeff BezosTeslaToyotaVolkswagen

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Just in: Emefiele insists the CBN is not considering extending deadline for swapping naira notes
  • Traction Launches Business Solution Suite, Grow with Traction To Support MSMEs
  • FG says Apongbon Brdige will be reopened to traffic in May

Follow us on social media:

Recent News

CBN embarks on unconventional moves to beat January 31 deadline

Just in: Emefiele insists the CBN is not considering extending deadline for swapping naira notes

February 3, 2023
Traction Launches Business Solution Suite, Grow with Traction To Support MSMEs

Traction Launches Business Solution Suite, Grow with Traction To Support MSMEs

February 3, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics