Defeat Bezos, Tesla Shares Surpass US $ 800, Musk Becomes Richest Man In The World | TechNews

Electric carmaker Tesla’s stock price has skyrocketed, and CEO Elon Musk’s value has skyrocketed. On the 7th, Tesla’s stock price surged above $ 800, allowing Musk to surpass Amazon founder Bezos (Jeff Bezos) and officially rise as the world’s richest man.

Tesla’s share price rose 7.94% on Day 7 to close at US $ 816.04 In just 4 business days in the New Year, its share price rose 15.64%. In 2020, the price of Tesla shares has soared 743.44%.

“Barron’s”, CNBC and other foreign media reported that there are several theories that caused Tesla’s share price to rise that day, one of them being that Royal Bank of Canada (RBC) analyst Joseph Spak raised the rating of the shares. Tesla shares. For many years, Spak has been bearish on Tesla’s stock price, but in a report released Thursday, he admitted that his previous view of Tesla was “completely wrong.”

Additionally, the United States Democratic Party successfully won over two Georgia senators and then gained control of the Senate, ushering in the era of President Joe Biden (Joe Biden) in full power and also boosting the share price. from Tesla.

Wedbush analyst Dan Ives 7 wrote in a report: “The blue wave is a huge boon for the market and may change Tesla and the entire EV industry. It is now certain that the government will push for more changes in the coming years. years”. More policies related to green energy. “

Bezos owns about 52 million Amazon shares and has been the world’s richest man since 2017, while Musk has about 241 million Tesla shares, including employee stock options (stock options). As Tesla’s stock price continues to rise, Musk’s net assets have risen by more than $ 150 billion in the last year. According to Bloomberg calculations, as of the 7th, Musk’s total assets have risen to approximately $ 190 billion, surpassing Besso for the first time. Sri Lanka’s 186 billion US dollars.

In addition to being the world’s most valuable automaker, Tesla also officially defeated Facebook on the 7th to become the fifth-largest US company by market value.

(This article was reprinted with permission from MoneyDJ News; first image source: Flickr / Mohammed Abdelzak CC BY 2.0)

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