The internet is flooded with memes about 2020 being the worst possible year in recent times and how people just want to get it done with. The coronavirus pandemic has wreaked havoc on life as we used to know. But for one man 2020 is turning out to be the ‘best’ year and it is none other than
Tesla CEO Elon Musk
Musk is now the 10th richest man in the world, as per Bloomberg Billionaire Index, with his estimated wealth standing at $68.6 billion. At the start of the year, Musk’s wealth was $27.5 billion and he was nowhere being close to the top 10 richest people in the world. However, a $41 billion jump in his wealth means that Musk is now ahead of several biggies. In fact, just for a day, Musk was ahead of the likes of Warren Buffet as well.
Tesla’s shares have been growing at breakneck speed in 2020. A report by CNBC states that
shares are up by a whopping 300% since the turn of the year.
The report also suggests that Tesla could be included in the S&P 500 as it could post profits for the fourth consecutive quarter. Tesla is expected to announce its quarterly results on July 22.
Meanwhile, Musk has seen his compensation swell up as well in 2020. Tesla’s filing with the Securities and Exchange Commission (SEC) confirmed that Musk’s first tranche of incentive payout was handed out. The tranche included about 1.7 million Tesla shares that — based on the company’s current market value — are worth $775 million.
In the last seven years, Tesla and Musk seem to have come a long way. In 2012, Tesla’s market value was around ‘just’ $4 billion but now has breached $100 billion mark. Tesla’ stock value has gone up dramatically in 2020. No wonder 2020 is shaping up to be the best year for