Elon Musk started 2021 as the richest man in the world, leaving

Elon Musk started 2021 as the richest man in the world, leaving
Elon Musk started 2021 as the richest man in the world, leaving 


Elon Musk started 2021 as the richest man in the world, leaving the then incumbent, Jeff Bezos of Amazon very far behind. In the meantime, Musk is a seasonal flavor again, showing his generous side and his business acumen. While Bezos ’treatment of Amazon employees caused Amazon shares to fall by 1.2%, lowering its gross domestic product to $ 182.8 billion.


Tesla's shares have plummeted again, but Musk still costs $ 182.9 billion, making him the richest man in the world, in time. After all, all of this eventually changes as stocks rise and fall, much of which depends on people's perceptions of Amazon and Tesla.


Musk's value has grown and 2020 may be a dark year in much of the world, but in terms of his value, it was all bright and sunny. Elon Musk's fortune was estimated at $ 24.6 billion in March 2020, and growth to $ 150 billion, an amazing feat.


Here are some of the secrets of Elon Musk's growing fortune, and what we can learn from them.


MEANING: The real story behind Tesla's Electric Car Dominance


Rocket Shared Rates Tesla

Musks' luck was not something he actively pursued. It stems from the success of Tesla as the world's fastest-growing electric car manufacturer, a type that could rise to the point of undermining its industry in China, a country notorious for wanting to have everything in it. Tesla's share price has risen sharply, more than nine times since then.


In July 2020, Elon Musk became the seventh richest man in the world, and in November he passed Bill Gates, a Microsoft manager, to become the richest man in the world. In fact, Bill Gates' total fortune is nearly $ 132 billion, something Musk earned over 2020 alone.


Tesla's market value stands at $ 800 billion which is very impressive today, making it the largest automotive company in terms of market capitalization. To put things in perspective, Ford's market value is estimated at $ 40 million, while Toyota is at $ 200 billion. Basically, today, Tesla costs more than Toyota, Volkswagen, Hyundai, GM, and Ford combined.


MEANING: Here's how the NIO does things differently from Tesla


Musk's success Tesla's success

When Elon Musk hit the news, which is said to be the richest man in the world, he responded in response to a Twitter user who had previously shared the news, saying, "what a strange thing".


In fact, one of his previous tweets describes himself, as he writes, “About half of my money is aimed at helping Earth problems, and half of it is helping to establish a Mars-based city to ensure survival (of all species) in case the Earth is hit by meteor-like the dinosaurs or WW3 happened and we hurt ourselves ”.


With Biden ready to take the oath of office, the US is turning blue, which means that as green plans are likely to emit smoke, Tesla and Musk's value could rise dramatically. Biden had already said something about the tax benefits on electric cars and if given the same to Tesla, people might expect Tesla even more. Better selling means better stock, ergo, better price.


Anxiety about the environment helps focus people on the direction of electric vehicles and most of all car manufacturers are starting cars that are fitted with alternatives. We may be in a state of electric revolution…


MEANING: Disclosing Elon Musk: You Can't


Elon Musk's Secrets of Success

According to an interview with the BBC, Elon Musk has no interest on each coin. This is a man who sells his homes and makes vows not to have them. Technically, his $ 180-plus billion fortune was not included as endless cash payments in the room. This is very expensive on paper, calculated based on his shares in Tesla and SpaceX among other things, and their market value respectively.


Obviously, he lives a good life, but money is not the driving force behind it. For example, Tesla follows or plans to follow an open patent policy because Musk believes the future is gas but not Tesla alone. While seeing the challenges of NASA's space program, he launched SpaceX, the cheapest solution for launching a rocket at the moment, with the goal of finally putting man on Mars. Musk's idea was to create another planet that would continue before the Earth left.


He is not afraid of major risks and often views each failure as a learning module that has led to success. Musk does not listen to his opponents, and while critics keep a watch on death in Tesla, he keeps pouring money into it. People laugh at SpaceX, even the name of his youngest son, but Elon Musk lives in the future, planning a hundred years in advance, rather than just years.


Tesla's vision has made it a huge success and by using open patents, Musk wants the remains of the remains to be a thing of the past, yesterday.


This man is unstoppable, and his zeal to the best of his ability, spanning 120 hours of work-weeks, is what made him the richest man on Earth. And if the future holds, maybe even Mars.


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