Elon Musk, The CEO Of Tesla Might Become The Richest Man In The World By 2021

It was another good week for Tesla founder and Chief Executive officer Elon Musk, whose fortune gained about $8.95 billion in value, as stock holdings of his electric car-maker recorded impressive gains ahead of being added to the S&P 500 Index.

Elon Musk is now worth $167 billion and within striking distance of the present world’s richest man, Jeff Bezos. In February this year, Elon Musk had bought $1.5 billion in bitcoin.

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Tesla Inc. CEO, Elon Musk, the world’s celebrated tech entrepreneur, has surely turned fabulously wealthy this year. Taking into consideration that despite the prevailing COVID-19 pandemic, he gained about $140 billion – a feat not seen in the history of humanity.

Tesla stock price hit a lifetime high, in anticipation of the leading car company’s addition to the S&P 500 index in the coming week.

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Electric-car maker, Tesla Inc’s share value rose as high as $695 at the close of its trading session. Tesla became on Monday, the most valuable company to ever be added to Wall Street’s main benchmark index.

Now worth $659 billion, Tesla will increase the concentration of heavyweight companies within the S&P 500

Elon is also the CEO of Space Exploration Technologies, a rocket manufacturer tapped by NASA to resupply the space station.

His company, Tesla, founded in 2003, is a California-based company that sells electric vehicles.

Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.

His wealth gain is largely attributed to Tesla, the electric car automaker, which has gained 800% in 2020 and has become by far the world’s most valuable automaker in the world, despite it producing far less than Volkswagen, Toyota, or General Motors.

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