Whether you love him or hate him, Elon Musk is having a spectacular 2020
And then there’s Musk himself. The 49-year-old South African immigrant, who is a Los Angeles-based celebrity as much as a Silicon Valley CEO, is now the 10th richest person in the world, according to the Bloomberg Billionaires Index.
It’s a remarkable turnaround from the dark days of 2018, when Tesla struggled to ramp up production of the Model 3 sedan, scores of executives quit and Musk was sued by the U.S. Securities and Exchange Commission over his infamous “go private” tweet.Since then, he’s not endeared himself to everyone. Musk has come under fire for downplaying the coronavirus pandemic, tweeting in early March that “coronavirus panic is dumb” and then predicting the U.S.
“We’re full of admiration” for the whole team at Tesla, James Anderson of Scottish money manager Baille Gifford, Tesla’s second-largest shareholder after Musk himself, said in an email. “What they are doing is a rare but central shaft of light in a dark world.”Article content continued Tesla rose 2.7% to $1,469.37 at 10:18 a.m. Monday in New York. The stock had tripled this year through July 31, while the top three U.S. automakers each fell more than 25%.
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