Elon Musk becomes world’s richest person as wealth tops $185bn
As we have noted many times in the space, much of Mr. Musk’s wealth has been derived from crony capitalism. It is also very unlikely to last. Tesla has a market value of about $1.3 MM for each vehicle it sells. That compares to $9000 for GM.
(From The BBC)
The tycoon’s fortunes have been buoyed by politics in the US, where the Democrats will have control of the US Senate in the forthcoming session.
Daniel Ives, an analyst with Wedbush Securities wrote: “A Blue Senate is very bullish and a potential ‘game changer’ for Tesla and the overall electric vehicle sector, with a more green-driven agenda now certainly in the cards for the next few years.”
This article was originally posted here: https://www.ac2news.com/2021/01/elon-musk-becomes-worlds-richest-person-as-wealth-tops-185bn/.
