Bitcoin Forum

Elon Musk becomes world's richest person, Tesla becomes world's most valuable.

Tesla: https://twitter.com/teslaownersSV/status/1347201514930991105?s=19

Elon Musk: https://twitter.com/elonmusk/status/1347204459147902978?s=19

For more information: https://www.google.com/amp/s/m.hindustantimes.com/business-news/elon-musk-crowned-world-s-wealthiest-here-are-9-other-richest-persons-on-the-planet/story-F5f02hIZ4B08hdyPvD0iHM_amp.html

     
     WHAT HAS HAPPENED?
Elon Musk edge past Amazon founder Jeff Bezos to grab the title of world's richest person, according to Bloomberg.

Testla shares has soar way more % gain than Amazoon Stock  :P

Stupid Americans (dunno who else cares enough).

I saw a while ago the car company he made sells less than each individual well known German car manufacturing company but the stock has a market cap of all of them.

Also the stock split caused a price hike and apparently he's been "employing" children for cobalt extraction in Congo so.... Apparently the "freeest country" doesn't advocate for its systems elsewhere.

Your title is misleading, OP. Tesla hasn't overtaken Amazon and it's far from it.

https://companiesmarketcap.com/assets-by-market-cap/

Tesla market cap has to double to pass Amazon.

Does anyone know why Musk is richer than Bezos? Maybe it's because he owns a higher percentage of shares and maybe because he also owns SpaceX.

Just what I am thinking, The news circulating right now is about Musk overtaking Bozos as the most-richest person, and I think OP should put the focus of his title in that.

And to justify the title of Tesla overtaking Amazon, we should consider many factors like net income, stocks, etc.

But still, Elon Musk is a mood in his twitter  ;D

Actually, this is not surprising, and if we take into account the growth in the number of Tesla electric cars being purchased, even in Central Europe, which I know not by hearsay, where, until recently, electric cars were not in demand at all, then I am not surprised that Tesla is becoming a leader. In addition, global car manufacturers are also trying to keep up with the trend, watching the popularity of Tesla and producing their own electric vehicles. So far, everything that Elon Musk does is successful and brings huge profits.

Tesla is very different from amazon's business, why putting the two in one industry.  Is he being the CEO of doge contributes to his wealth? Dogecoin is one of the coin that gained a lot this week.

Just when I saw the news that he became the richest person on earth, I also see on my feed about him wanting to colonize Mars and he is determined to do so.

I think it is Just a matter of time. Elon musk has represented Tesla to world amazingly. Their marketing, their product development, their way to work is just awsome. They are taking the car industry to another level. In next few years they even could overtake Apple. Its not impossible. Musk's thoughts are 10 years ahead of our's. So it would not shock us if they overtake apple. Even few months ago his net worth was 20 billion. But now its more than 185 billion. So you can imagine how fastly Tesla is growing.

Net worth of an Individual will be considered not the income or profits, they will simply calculate your assets value in this case Tesla stocks are growing a lot which made the net worth of Elon Musk to get higher.

I have a better question: who the hell cares?  The list of wealthiest people is going to keep changing with time, and so is the list of companies with the highest market cap. 

And also, I don't think Elon Musk has all of his wealth because of Tesla (someone correct me if I'm wrong).  He's had his hand in a number of different pies throughout the years and had loads of money before the inception of Tesla.  I also don't think Tesla should be worth nearly as much as Amazon or Apple for that matter.  It isn't as though everyone you and I know is driving a Tesla--but the stock market can do weird things to company valuations (especially bull markets like this one we're in). 

Well. It's funny because I think this is more of a topic for the speculation section, which I seem to remember that you don't like or have it on ignore or something.

Others like me love these kinds of threads about what keeps changing and can't be easily guessed.

Elon has implied that he's fairly friendly to Bitcoin too which is always a plus. Although, I'm sure he didn't take kindly the recent Twitter compromise.

I'd say its pretty surprising. Amazon provides general consumer goods, which usually are bought regularly, and everyone needs. Tesla, is a company that provides a niche car company. Not everyone owns a car, and not everyone likes the idea of owning an electric car. While I do agree that pretty much everything Elon tries, he succeeds in he's also done it at a mind boggling rate. He's propelled himself forward as one of the richest people in the world in a very short amount of time compared to his competitors.  

Yeah, I believe he was co founder of Paypal, runs SpaceX, and also owns the boring company which is building "3D dimensional roads" by utilizing tunnels. Although, I probably agree with you, like I said I was quite surprised by this fact once I happened upon it. I do prefer Elon to Bezos personally. Mainly due to his success with SpaceX.

Elon mask is my inspiration. A good looking handsome person with a business talent is just like magic. I saw that he dose not say anything for people that much for inspired them or motive them but people inspire from him like he has a magic to make his own life more powetful. How a person do something crazy that in just few days he cross all the wealthy person rank. I loved his smile. It gives me strength to thougt about us that if he can do something magical then why i can not. Yes i know world has one elon mask no one can become elon mask. But if we want then we can make our names also. Truely elon mask creat history in that pandemic time Where the world economy gose down.

"World's richest person" on paper only.

Tesla, while a good car maker, looks to me like a bigger pump and dump than most altcoins ;D

I like the Musk innovations, but Amazon is a much more reliable company with a real Global presence and 400bn yearly revenue.

I am a huge fan of Elon Musk and Tesla. His cars are awesome, and also his second company SpaceX is doing a lot of good work. In my opinion is well deserved that Elon Musk is now the richest person on the world. Jeff Bezos is not really looking to advance the world and just wants to get richer.

Tesla haven't overtaken Amazon rather it's far from it. Tesla company currently ranks 8 with an asset value of 818+-Billion USD while Amazon company ranks 5 with an asset value of 1.59+-Trillion USD. As you can see the value of asset of Amazon is double compared to Tesla.

Anyway, Elon Mask is a multi billionaire that can be defined as real life Iron Man without the suit  ;D but with the innovations and wits to stand out. Elon musk is currently riches man as he own big part of Tesla and SpaceX but we must understand that Jeff Bezos, the owner of Amazon which is an e-commerce industry that has a yearly revenue of billions.

Tesla shares made x20 in a bit more then a year. They are worth more then all car manufacturers combine. I have no ideas who is buying Tesla shares now. I do hope not bitcoiners. At some point they will have hard drop. that will not recover 4 years latter as Bitcoin drop recovers.

I still don't understand what is the deal with TSLA. They make electric cars I get it but so do Porsche.

VW group is (or should) far bigger than TSLA and sell a lot more cars than TSLA but TSLA is nearly 10 times bigger on paper.

That doesn't make any sense.

The only explanation I came up with that makes sense is that the TSLA buyers are not people. There is only one buyer and it is the FED.

Don’t you get it? It’s time to pull out from the stock market and be on our own, it’s never recover from the 2008 crashes and thing just get more distorted, and the valuation is mostly based on <not trustable>, the value of the ICO, some random guy create a coin and launch an ICO, and give it value of a billion, that’s it, a value based on nothing but same like crypto currency, doesn’t based on products, profitability, sustainability, accountability. Calling it a IOU is kinda detrimentally, doesn’t it’s what stock market? There is no bull run, blue chip are dying, pensions are drying up, 401k is broken, middle class is eliminating, hard asset is soaring, the bubble just force every house owner to be millionaire, and homeless to be completely broke, although there is some lucky wealthy homeless guy, they’re exception.

whoever is the richest among them, i just hope that they are sharing some of their riches to other people who are in need during this time of crisis. they may have donated at the early stages of this pandemic (remember those ventilators, sanitisers, etc.), hopefully, they are still contributing something today to help in other aspects. anyway, thats their money, just hoping that they are doing something good to the humanity during these challenging times. tesla or amazon, they are all the same to me.

His attitude was like this is already known. We aren't able to achieve it, and we're not to comment on his achievement. He has done it, and he have made a statement on the Twitter. The rise of Tesla market is the real success for his present position of being the richest person on the world. The first position is highly under big competence.

r/wallstreetbets happened. TSLA has become pretty much a meme at this point.



Elon Musk started 2020 with USD 29 Billion and ended it with USD 188 Billion:
https://www.visualcapitalist.com/elon-musk-is-the-worlds-richest-person-in-2021/

So while he has a lot of interesting ventures going on, and was already wealthy before, most of his recently gained wealth is caused by an immense TSLA rally.

I absolutely agree that Tesla appears to be highly overvalued though. Sure, markets are forward-looking, but if forward-looking means a couple of decades from now it may not be that great a deal.

I think if the point is Musk is now richer than Bezos, why doesn’t really matter. Since Tesla is a bubble in my opinion, I don’t see it holding permanently anyway. Amazon has far more staying power than Tesla does. Also, agree on the misleading implication in the OP. Tesla is no where near as big as Amazon.

Marketing strategy is the key reason for the Tesla company to be more successful than any other car companies. Look at what happened to cyber truck which isn't even launched but lot of people booked it, even though they paid very little money for pre booking it increases the value of a company and its stocks.

I don't have anything against Tesla (TSLA), but it is the most overpriced stock I could find in the market. The P/E ratio is more than 1,700, which is almost a hundred times the average level. AMZN also looks overpriced, with a P/E of more than 90, but not anyway near those levels for Tesla. The next time when a major market crash occurs, these stocks are going to drop like crazy.

He owns multiple business chains and not just spacex or PayPal. The main reason is his new lunches of cars and it’s popularity amongst the global enthusiasts. Elon is always making innovating stuff and that’s the reason why he is gaining more popularity. Investors on the other hand keep this thing as upper stake for them and invest a lot on his companies. He is all about futuristic guy and that’s what people love these days. Let us not forget he also owns big amount of bitcoin in his pocket and could be driving anonymous crypto institutional investment as well. We never know how these people gain so much money in short period of time. 

Tesla's not yet overtaken Amazon. Only their founder, Mr.Elon Musk surpasses Mr.Jeff Bezos to become the richest man on this planet. It is no doubt that sooner or later, tesla will become more and more valuable and someday in the near future, Tesla will be able to pass Amazon.

That is why disruptive technologies always create new billionaires. Remember the era of 2.0 and 3.0 technology? Hundred of new companies and billionaires replaced old and obsolete businesses. We have Microsoft, Apple, and even Google. In the next few more years, Tesla perhaps becomes one of the strongest companies leading the whole world to the new revolution of humanity. And dont be so surprised if cryptocurrencies play an important role in this amelioration

In principle, the overall growth (over a long distance) for both Tesla and SpaceX, this is an obvious thing. Both electric cars and private space launches are an inevitable future that is approaching with relentless speed. While Amazon forcibly attracts new small and medium-sized businesses to its sites and suffers from reputational risks as an ancient and huge corporation, Musk launches machines into space and tweets about Doge. It already means a lot.

That is pretty much the definition of a bubble. Pure marketing without a good product won't keep the stocks up forever. I bet Elon himself is looking at his stocks' prices and laughing his ass off at this shit show.

Tesla cars are not even that great.

Well, actually Elon Musk overtook Jeff Bezos and claimed the title of the world's richest person. The reason is, Tesla's share price surged over 7% that helped Musk claim the title. His net worth skyrocketed since last year and achieved new heights.

Tesla has reached the top, and now the competence have increased high. One of the person Ambani was at the fourth position during the month of August according to Bloomberg. During that period the Reliance market shares peaked as people started to use communication system in large due to the covid-19 lockdown. Now he has come down to 13th position as the market shares have started to fall due to the ongoing farmers protest.

This could definitely be the case that tesla reached the top. Honestly it sounds a bit wierd that a company which only focuses on electric cars and not really turning a profit at the moment has a higher worth that amazon. An online retailer which basically offers everything and is profiting a lot from the corona pandemic.

In essence, Elon has recently been in the public spotlight, even in my country since his tweet related to "Doge" until now the news is still broadcasting Elon's achievements on the world stage, plus SpaceX, as if the world is in Elon's grasp. but no wonder this is where we have to be him as a motivator who inspires us all to continue working. Isn't that great? besides that Elon is a friendly person, adding to his charisma as a person who deserves to occupy the richest position in the world.

While I agree with your conclusion that Tesla is grossly overvalued, you will often see absolutely insane PE ratios for high growth tech stocks, which is how Tesla is valued vs. being valued as a car company. Whether or not you agree that's appropriate, that's what it is.

Do you have an example?

Whatever tech stock I checked has around 30-50 PE ratio.

1700 is just batshit insane.

OP, it is better for you to change your funny litle because some members also already notice this:
We can see this kind of news likely one of the news here (https://www.geekwire.com/2021/tesla-stock-surge-helps-power-elon-musk-past-jeff-bezos-richest-person-world)

Musk overtakes Bezos's position as the top world rich man, but it doesn't mean that Tesla overtakes Amazon, and doesn't mean that Tesla is the most valuable (more valuable than Amazon). And Elon Musk is one of the richest people, not the richest one.

Tesla didn't overtake Amazon, rather Elon Musk became richest planet of the world overtaking Jeff Bezos!

To be honest, in my personal perspective, having a chill and inspiring guy like Elon as richest planet of the world is so inspiring! His views, ideas are really revolutionary. While Amazon is just a company catering to the needs of common people, Elon Musk is a visionary who thinks for whole of humanity. And I'm loving it! But if Elon Musk leaves Earth and goes to Mars, then Jeff Bezos will again be the richest person of the planet :P

Tesla will not overtake Amazon for a long time, it will happen but time will tell. Amazon is an e-commerce giant compare to Tesla that only sells electric cars, you will know then and there that variety will be factor. Tesla did not get past Amazon it was only Elon Musk surpassing Jeff Bezos as @iamsheikhadil mentioned. Maybe the time will come when Tesla the company will surpass Amazon, I am sure it will because I believed this company is the Model-T of our generation.

That's right. Personal net worth of Elon vs Jeff Bezos here not the revenue of Tesla vs Amazon. Tesla has specific customers and not everyone can afford it. Whereas, Amazon basically serves all status levels of individuals. This is why e-commerce is getting more revenue here. I don't know if Tesla will ever overtake Amazon in terms of net worth in the market. The market of Amazon is huge as compared to Tesla.

The magic of markets. everything can be changed really fast. However, i think in the mid term amazon will be back to first place again

That's true. But right now, Tesla is looking like the most overpriced asset in this planet. For Tesla, the annual revenues as per their report in 2019 stood at less than $25 billion. The net income was negative, and stood at -$0.9 billion. On the other hand, for Amazon the annual revenues for 2019 stood at $281 billion and the net income (after taxation) stood at $11.6 billion. Both of them can't even be compared. The revenues for AMZN is more than 11 times that of TSLA. But people are accumulating the TSLA stock like there is no tomorrow.

Recently I have heard about it too. The hype is at its peak. If I remember correctly, Tesla's shares have increased by %1200 -%1400 in the last 2 years. Even volatile Bitcoin has not risen this much in the last 2 years. lol So have you seen this?
https://i.imgur.com/d84RDsq.jpg
At the end: https://in.news.yahoo.com/elon-musk-tweets-signal-followers-095022257.html

In terms of revenue and profit, Amazon is far ahead of Tesla. The current valuation of Tesla doesn't make any sense, and it looks as if they are making money out of thin air. Stock market as a whole is looking like an inflated bubble, but that is the case with almost all the other sectors (even with cryptocurrency). I have a feeling that a market crash can be expected sometime soon.

This is why the title in this post is misleading. Tesla didn't overtake Amazon in the first place. The only Musk overtaking the position of richest man from Bezos.

But it is also your fault for not reading the context of the post, and start commenting on your statements which is clearly false and not even close to reality.

The only thing why we see magic in the market, is due to the unpredictability of the prices. If it is not in our favor, its an omen, otherwise it is a magic/miracle.

Sure. Besides Tesla (TSLA), Amazon (AMZN)'s PE ratio was non-existent for a long time because it took so long to become profitable and then it was insane until very recently (currently 90 as it is with unprecedented profitability spurred by the pandemic), MercadoLibre (MELI) is currently above 1500, Shopify (SHOP) is over 700, Square (SQ) is over 500. This is just a small sample but these are all high growth tech stocks that have had incredible returns for investors over the past several years. It's quite normal for these types of stocks to have absolutely insane PE ratios because they're focusing on growth and investors are counting on profits coming later. There's even more that aren't even profitable and have high valuations... Uber, Twilio, Twitter, Teladoc, etc.

Isn't it crazy that Tesla had a bigger run than bitcoin!

We'll see how much they'll lose on their future wives. These days whoever doesn't get married makes more money and gets a better position in Forbes.
Jokes aside I feel like Musk and his SpaceX are going to dominate. He took a huge risk investing in a space program and it went great. I predict that in future he's going to make more money this way than  by selling cars.

It won't take a long time, we never know what will happen in the future. Indeed, in the current situation shares tesla has shown impressive movement and he has 18% of the number of Tesla shares.

And also, he has realized it. I see a comment from himself who stated that he is not care with the richest man on this world, he just focus on how to make a product that can be liked by most people.

This is not magic, but illusionism ;) It would be quite funny and surreal if with the air money of capitalization Tesla bought Toyota and Volkswagen and turned really into the biggest car manufacturer in the world ;) Some time ago, something similar was already done by Mr. Zuckerberg buying up companies left and right almost without spending money, making payment only with Facebook shares soaring in price.

To buy Toyota, you'd have to take into account enterprise value (which takes into account the company's debt) and Tesla isn't nearly big enough to be able to buy Toyota.  On an enterprise value basis, Toyota is actually larger than Tesla. 

Well.. I am not sure about it. The last time we had such crazy P/E ratios was in late 90s, during the dot-com bubble. And I agree that some of the companies can have such crazy ratios during the initial years. But there is no such justification for Tesla, which is more than a decade old (the Tesla IPO came out on 29th June 2010, while Musk made his investment in 2004 in the form of venture capital funding.

Tesla is still far away from Amazon. Musk has only $1.5 billion more than Bezos, but he owns two companies - Tesla and SpaceX.

Tesla did a great job selling electric cars to pretentious liberals from the middle class and the higher upper class,who think that owning an electric car is "cool" and "environment-friendly",while the production of those cars and Li-ion batteries is still very dirty and polluting the environment.Great marketing,indeed. ;D
This isn't "taking the car industry to another level".Li-ion batteries will remain very expensive in the next decades,so the electric cars will stay expensive and the working class can't afford buying such cars.

With the Tesla's Space X Elon Musk has made his market shares peak high. This has caused him move to the top of the list. Recently he also mentioned about the selling of his own properties which he has got in different locations. His plans were much for the future than the present era, so even if he comes down in the list can expect him to top the list again in the future for sure.

The next crash we are going to have will make the dotcom crash look like babies playing in kindergarten.

Too many zombie companies that should have gone bankrupt are still alive and there are also other companies (you may call them shitcoins) without a good product are valued in billions.

Either they will go down or the Dollar goes down. If the Dollar goes down they they will go down anyway so the choice to be made is very clear.

Elon’s story is one of the most inspiring ever. Others would say that it’s impossible for him to do this, do that, etc. Yeah right, but he did it! Thinking outside of the box! He deserve to get past Jeff Bezos as the world’s richest person. Well done Elon!

Tesla hasn't overtaken Amazon yet.  You can see that the current Tesla market cap is around $ 834.17B (https://www.forbes.com/companies/tesla/?sh=42f5cbca48d4) while Amazon market cap is around $ 1.6T (https://www.forbes.com/companies/amazon/?sh=558594146fb8).  Tesla is predicted to overtake Amazon in the next few years when the world is relying on electric vehicles (not now)..

Indeed. It is very unbelievable and surprising that Elon Musk has surpassed Jeff Bezos, the CEO of Amazon as the world's richest person, and many more like Warren Buffet, Mark Zuckerburg, Bill Gates, etc. But Tesla didn't win over Amazon because it is only about the richest person that it might take long for Tesla to overtake Amazon.

I personally believe that if only TESLA can make Elon Musk to be the richest man in the world, SpaceX and Neauralink plus others could make him a trillionaire in the nearest future.

Imagine, what will become the valuation of SpaceX once the success is becoming visible and massive.

Elon Musk is the father of modern entrepreneurs...

Not really a big deal because they are not in the same industry, maybe Tesla is in demand now but things could change in the future. Maybe I would be interested if you'll say a certain crypto asset overtake another crypto asset as there's really a competition since they are in the same crypto market.

Let's just be happy for Elun Musk as his invention is really useful, and he still has a lot of ongoing projects that might be successful in generating big income, and that might cement him to be the richest.

But, I think we should focus on making satoshi as the richest if we can make bitcoin pump higher and higher.  ;D

what makes Elon Musk to be the richest man in the world is not the capitalization of the Tesla, but his stake or share in the company when compared to Jeff Bezos share or stake in Amazon.

According to Forbes, Jeff Bezos share in Amazon is 10.6% while Elon musk stake in Tesla is 21%, the difference is 10.4%.
That is an impressive metrics in wealth determination.

They just mistook Elon musk overtaking Jeff bezos as tesla overtaking amazon but things are not nearly close to there yet. Elon owns a bigger portion of Tesla versus Jeff Bezos owns amazon, which is why while Amazon is calculated higher but Elon is richer. I believe Elon was a bit lucky on his tesla deal for one simple reason, if other car companies were even a single bit smart, they would have put all their resources into electric cars as well, and I am not talking about right now, sure almost every car company either has one electric line now, or they are working on it, but the reality is that they were too late.

If I start a video streaming related business, youtube will either does exactly the same and cause me to stop and can't compete, or they will just buy me out right away. Whereas places like lambo, ferrari, ford, mercedes, bmw and the likes got in waaay after tesla and they didn't even promoted it too well, they are still promoting their best cars.

According to the reports Elon Musk has recently surpassed world's richest person Jeff Bezos to gain the title as Jeff Bezos CEO of Amazon stood at a wealth of $185 billion and Musk is now worth more than $209 billion as his electric car manufacturing company Tesla shares hit ATH of $831 making him the richest person on the planet earth.But as mentioned by OP there is some kind of misunderstanding as Amazon is still more worth than Tesla because Tesla market cap is now more than $800 billion after it hit the S&P 500 index and it overtakes Facebook to become 5th largest company in the world in terms of market capitalisation but Amazon is still way ahead of it with $1.517 trillion market cap which is still far away from it.Musk wealth has grown extensively this year as he adds $150billion to his weatlh coming from 35 position of Forbes to the world richest person so fast.This jump came after the massive demand of Tesla cars hit the market and Musk brand image and his geniusness and social interaction with the society helps to create companies image to a higher level as he posses good share in Tesla.Moreover he is planning to colonize mars by 2024 and use cryptocoin there called Marscoin as indicated by his tweets and who can forget his dogecoin rally movement when he tweeted about it and the prices went up the graphs within moments.He can swing the moments and turn everyone in his side at this moment with his personality but who knows what happens next. So be sure about what you post.

Congrats to the guy, this just shows where the world is putting their money now. The market for the Electric cars is still huge this shows he will likely retain the position for a very long time, also he is investing into space tourism and I expect this to be a huge market for the future, who doesn't want to celebrate his birthday in the Mars

The difference this time around is the fact that they figured out they could get bailed out from the government so they keep going higher and higher with the money they got from governments, they bought the stocks back from people and increased their own stock prices that they owned, and that is why it looks high right now. Now that means two things, one is good and one is bad.

The good thing is, since it is not real increase and only caused by the companies themselves, if they can keep this up, by all accounts they would want to, which company would prefer to crash their stock prices? They would probably only allow that to buy back and that's it, so they will do their best to not crash, the bad part is, it is not their decision, if the market decides that their stock worths nothing people will start to sell and price will crash no matter how much companies tries to avoid that.

I agree here because headline of this thread is misleading its nothing serious business who is rich and how much worth because stock exchange cane change things very quickly and its still many things can happen with this all but good thing after looking top ranked companies we have bitcoin in good place and this can go more high in coming days.

Honestly at this point (with all these great technologies) tesla represents more of an idea rather than real market value of a company that produces economic goods

I guess the OP put some fake news to use as a clickbait. The first part of his post is correct and Elon Musk is the richest person in the world right now. But the claim that Tesla is the world's most valuable company is just BS. As far as I can see, Tesla is not even in the top-5 list. The top five corporations by market cap are - PetroChina, Apple, Amazon, Microsoft and Google. 

I have seen this news on Bloomberg and I think it’s about four days ago that Elon musk became the world’s richest man. But, yesterday I saw another news on Forbes that he has dropped from the first position after losing about 14 billion dollars value; this is what I saw on Forbes and I know whether this is true or not, but we all know very well that Forbes is the source that most people relies on for information like this.

Anyway, this isn’t really a type of news that I like to follow, I really don’t have the time to care about who is the richest and who is the poorest man in the world, it really doesn’t make any sense to me lol.

Tesla stocks are currently up 122% from November of 2020 so no wonder why Elon Musks' net worth shoots up and surpasses Jeff Bezos's net worth. Amazon stocks have been going sideways and currently in accumulation (IMO and in my observation) this past few months that is why Elon Musk become the richest person to date now.

Yeah, it was true for a short period of time. This probably happened when the stock price dropped by 8% making him lose around $13 billion few hours before the news was published.  He is once again the richest person taking over Jeff Bezos when tesla stock already rebounded.
You would follow and care if you were into stock trading. Looks like you aren't. Following them helps you to know what's going to happen next on the stock market. Like look at the wrong "signal" (signal advance) stock market lol. It just skyrocketed when Elon wanted people to Signal messaging app.

Why is it so one-sided? I have great respect and even admire Elon Musk, but you shouldn't underestimate the contribution of Bezos to the transformation of today's world! A completely new concept of online sales, cloud technologies. He deserves no less respect!
PS. Hmm ... I am for the respect deserved, but against worship! :)

If ever, Elon's other companies get bigger like what happened to Tesla, I think that he will be dominating the big tech market. Elon's has SpaceX, The Boring Company, Neuralink and OpenAI. Most of his works will be contributing to multiple industries which means that one breakthrough could be another money machine for him. Although Amazon is also innovating, it is not that famous as Elon's companies.

They were so overpriced even when Tesla was accumulating huge losses. Now their financial reports claim that the net income is positive and the sales are increasing at a rate of around 80% per year. This is a stock which has grown by 125x since 2013, and almost 250 times since its IPO. The pricing defies conventional logic, but as long as there are people who are willing to purchase the TSLA stock even at this levels, we can expect the prices to go up in the near future as well.

Agree. Good marketing followed by a good personality always bring hype and attraction but the prices are too hyped right now and while Elon musk can't be blamed for the same but he must be wondering what is going on. I was reading an article where Michael Burry said the stocks will fall hard soon and he had some good reasons to back his verdict.

I do not think Elon Musk was too bothered about the being richest man as you can see that from his reaction as he said "how strange" and then back to work, which was like another day in his life.

No doubt about that Musk has those riches because he owns not only one company but more like electric cars and his out of the world plan with space X like mining on valuable and unlimited supply of precious elements in the outer space.

Tesla shares have increased 720% during 2020 as Tesla shares are included in the S&P 500 index on the US stock exchange. Finally, Elon Musk's
wealth in 2020 made it past Warren Buffet, Mark Zuckerberg and Bill Gates. Then at the beginning of 2021 Tesla's stock rose 4.7% in the US
stock exchange, because Elon Musk owns 20% of Tesla's shares, it makes Elon Musk's wealth rise rapidly and passes the wealth of Jeff Bezos
as CEO of Amazon. So now Elon Musk is back to being the richest person in the world. We'll see if Elon Musk can survive to be the world's richest
in 2021.

Donald Trump's presidency was good for the stock markets. The stocks indices rose by more than 100% during his four-year term. But I am more pessimistic about Biden's upcoming term. Even before the elections, he had promised to increase the income tax levels and make capital gains tax on par with income tax. On top of that, one of his campaign promises was to undo the Trump-era cut on corporate taxes. And overpriced stocks such as Tesla may be affected the most.