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

The CEO of Space Exploration Technologies and Tesla, founder,Elon Musk now worth $155 billion close to world’s richest man, Jeff Bezos, estimated to be worth $185 billion according to data retrieved from Bloomberg Billionaire Index.

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).

The electric-vehicle entrepreneur, gained about $128 billion in year 2020 despite COVID-19 pandemic. 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.

What you need to know about Elon Musk investment

1.Elon Musk 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.

2.His company, Tesla, was found in 2003, is a California-based company that sells electric vehicles.

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3.Elon is also the CEO of Space Exploration Technologies, a rocket manufacturer tapped by NASA to resupply the space station.

4.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.

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