#Elon Musk: Zero to Hundred Real Quick !

03
Feb

#Elon Musk: Zero to Hundred Real Quick !

It came as a surprise to Jeff Bezos, who had held the spot of the richest man in the world since 2017. The founder of Tesla, Spacex, Hyperloop, Open AI and The Boring Company, Elon Musk added $165.5 billion of wealth in past year and has now been declared the World's Richest Person !

The electric automaker’s shares surged 7.9%, boosting Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Musk is worth $194.8 billion, or lets say $9.5 billion more than Bezos, whose Blue Origin is a rival to Musk’s Space Exploration Technologies Ltd., or SpaceX, in the private space race. The proclamation has already been trending on social media platforms such as twitter and it seemed as if Elon Musk could not fathom his new found success, tweeting "How Strange", and "Back to Work":

Elon Musk's shift to the top has been dramatic. Over the past years he added more than 165 billion USD to its fortune. Last year, Tesla's share price surged at a mindblowing 743%. The shares have gained more than 23,900% since its 2010 initial public offering.

However, Tesla just produced over half a million cars last year which amounts for a small fraction to those produced by its rivals such as Ford.

What makes Musk's rise more astonishing is the series of "goof-ups" he has made in the recent years. In 2018 he agreed to pay a $20 million fine to the Securities and Exchange Commission and step down as chairman of Tesla after tweeting a notion to take the company private at $420 a share, with “funding secured” something which he ultimately never did.

Recently, he also planned to shift much of its manufacturing units to Texas, a move which was criticised by many. However, the recent proclamation by the Indian government to open up manufacturing units of Tesla in the country is projected to boost his initiatives in the near future.

The future too looks promising for Musk. According to a report published in the Business Insider, the billionaire investor Chamath Palihapitiya told CNBC on Thursday that Tesla's stock could be worth three times its current valuation, which would make CEO Elon Musk the first "trillionaire".

Tesla has been a distributed energy business and Musk has been constantly trying to harness new ways of energy and store it so that people can use it judiciously. Elon

Musk would also be the first trillionaire who would be fighting climate change.

For now, the future looks good for the good guy Elon. To keep yourselves updated with the latest trends and to make your brand soar up like Musk in the digital sphere, make sure to visit checkbrand.online

February 3, 2021

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03
Feb