His electric car company, Tesla, finally made it, becoming the most valuable company in the world. Tesla’s Elon Musk ultimately became the richest man in the world, followed by Amazon’s Jeff Bezos.
Mr. Musk overtook Tesla in 2008, and after 12 years of working with the company, Elon Musk turned the corporation into the most valuable company in the world, while himself became the richest man on the planet. Jeff Bezos was the wealthiest man before, but his Amazon company and himself were overcome by Tesla’s Elon Musk.
It does not seem to be a sensible clash. Amazon and Tesla follow different paths. Tesla is a big company in automobile producing while Amazon is a giant in book publishing market. Although these companies don’t go on the same way, they clash and compete to be the most valuable company in the world.
Amazon was a leader for a while, but they finally lost to Tesla. Mr. Musk helped his company raised the total net of his company to around $195 billion, surpassed Amazon by roughly about $10 billion. The value of Tesla’s shares arose by 8% yesterday.
Mr. Musk wrote on his Twitter after becoming the richest man in the world.
“How strange. Back to work.”
However, Musk rarely shared about his company’s shares. Establishing his company’s true value is tricky. COVID-19 was a huge storm that destroyed several corporations, but his Tesla raised through the hard time.
And for sure that Musk felt kind of strange feeling in a whole week. He was all the way behind in such a long time. And then, in just a few months, Elon Musk overturned the whole situation. Shares of Tesla are still rising despite the flow of COVID-19. The global pandemic for sure has some effect on Musk and his company. But it failed to drop the fighting spirit of Tesla. That company is still developing, and we will wait whether they can keep their reigning status as long as what Amazon has done.