Elon musk according to Bloomsberg Index was said to be the richest man in the world, passing Jeff Bezos who has been holding the title since 2017. The CEO of Tesla and SpaceX has been working very hard on Tesla automated, self-driving electric vehicles, long lasting batteries for vehicles and power generation, SpaceX rocket launching and space exploration, Artificial intelligence with Neuralink and many more.
bloomberg
Elon Musk Tesla Stocks increased to more than $188B surpassing Jeff Bezos, the CEO of Amazon. According to Bloomberg, the world's 500 richest people have added over $1.8 trillion to their wealth in 2020.
At the beginning of the year, Elon Musk was $150 billion lesser than his current networth but as a result in the increase in stock price of Tesla's stock which has gone up by over 743% in one year, Elon can now boast of being the world's richest man.
Tesla is the worlds most valuable automobile company, surpassing Toyota, Ford, General Motors, and Daimler but it produced lesser cars to these companies. Tesla produced a little over 500,000 cars in the year 2020. Tesla plans to start producing to China but do not forget that Tesla has a competition in China called Nio which is an automobile company dealing with self-driving automated car company.
There is hope for electric vehicle companies to start making gains in 2021 as countries such as the US, UK, and China are now pushing for a quicker adoption of electric vehicles.
According to Forbes, Elon Musk is said to still be the second richest person in the world.
forbes
Well I do not know if I should believe the fact that Elon Musk is the world richest man or the second richest man in the world, but my question is "did Elon climb too fast to the top?", "i the market overvalued?", "Will Tesla stocks drop real hard or will the adoption of electric cars around the world increase the companies valuation?"
Reference
https://www.bloomberg.com/billionaires/profiles/elon-r-musk/
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Hello @ajewa
I saw this news recently.
All of these men who have risen through the ranks of the billionaires this year have been about actions. In a year of global crisis they got rich.
I think they might be overvalued, really.
And most likely, once the use of electric cars becomes more widespread, they could continue to increase in price.
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I appreciate your contribution @josevas.
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