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.
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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).
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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.
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- 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.
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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.
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