Less than a decade ago, Elon Musk was worth $2.4 billion. Now he’s worth nearly 20 times that amount
. Globally, Musk is the 22nd-richest person in the world, moving up nine places and $21.7 billion in net worth sinceMusk first joined the ranks of the richest Americans in 2012, debuting on our list of400 wealthiest Americans at 190th place with a net worth of $2.4 billion. He’s now worth 19 times that amount — a stunning rise in just eight years. Musk’s enthusiastic followers continue to drive up Tesla’s stock price, despite that fact that it lags behind other automakers in scale.
Morgan Stanley analyst Adam Jonas warned clients in a research note on June 23 against valuing Tesla as a tech giant like Apple or Google,“one would have to consider significant inherent differences in Tesla’s business model and capital intensity.” Dan Ives of Wedbush Securities is more optimistic, praising Tesla’s “Teflon-like business model” for withstanding the pandemic.
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