Elon Musk became the richest man in the world.

richest man

Elon Musk, head of the American electric car maker Tesla, has become the world’s richest man.
According to the French news agency AFP, Musk left Amazon owner Jeff Bezos to become the richest man in the world. Musk owns a majority stake in electric car maker Tesla and last year Tesla benefited greatly from the increase in the price of K shares. read more
According to the American TV channel CNBC, Musk’s wealth is worth 185 billion dollars.
The year 2020 was crucial for Tesla as it increased production, set up new factories and made a profit, and was included in the credible S&P 500 Index.
Shares of Tesla rose 6.3 percent to 80 803.78 in early trading, pushing the company’s capitalization to over 7 750 billion.
Experts do not expect Musk to be able to sustain this growth in 2021, but they expect continued growth as his carmaker has the potential to increase production and introduce new technologies. Analysts praise the company but say its share price is higher than it actually is.
According to JPMorgan Chase, “Tesla’s performance in 2020 was impressive but not as impressive as the increase in its shares, which we believe has been overstated.”


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