Tesla overtake Amazon?

[rinkidas14]

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.

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[Nippel66]

Testla shares has soar way more % gain than Amazoon Stock 

[jackg]

     WHAT HAS HAPPENED?

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.

[Poker Player]

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.

[Natsuu]

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 

[atjiat]

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.

[cabron]

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.

[fahmimajannat]

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.

[jrrsparkles]

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 

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.

[The Sceptical Chymist]

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). 

[Poker Player]

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. 

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.

[Welsh]

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.

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.

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.  

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).  

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.

[Imran232]

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.

[Tstar]

"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

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

[Mauser]

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.

[Jemzx00]

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  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.

[Febo]

 WHAT HAS HAPPENED?

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.

[mindrust]

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.

[Broly46]

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.

[AmoreJaz]

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  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.

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.