Tesla overtake Amazon?

[Wenbing]

Tesla hasn't overtaken Amazon yet.  You can see that the current Tesla market cap is around $ 834.17B while Amazon market cap is around $ 1.6T.  Tesla is predicted to overtake Amazon in the next few years when the world is relying on electric vehicles (not now)..

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.

[jostorres]

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

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.

[worle1bm]

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.

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.

[jacafbiz]

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

[jaberwock]

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.

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.

[Indymoney]

Tesla hasn't overtaken Amazon yet.  You can see that the current Tesla market cap is around $ 834.17B while Amazon market cap is around $ 1.6T.  Tesla is predicted to overtake Amazon in the next few years when the world is relying on electric vehicles (not now)..

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.

[Cratoon]

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

[Sithara007]

Tesla hasn't overtaken Amazon yet.  You can see that the current Tesla market cap is around $ 834.17B while Amazon market cap is around $ 1.6T.  Tesla is predicted to overtake Amazon in the next few years when the world is relying on electric vehicles (not now)..

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.

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. 

[TheGreatPython]

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

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.

[Astvile]

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.

[adzino]

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

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.
-snip-

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.

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

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.

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.

[DrBeer]

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

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...

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!

[zanezane]

~

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.

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.

[Sithara007]

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.

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.

[TheGreatPython]

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.

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.

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.

[0t3p0t]

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.

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.

[Wawa2013]

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.

[Vishnu.Reang]

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.